L'économie

In a kitchen, just like in a science lab, it is often said, “Nothing is created, nothing is lost—everything is transformed.” That’s not the case when it comes to money. It’s now possible for governments and banks to “create” money. How can this work without causing a major financial crisis? The current pandemic is forcing governments to borrow billions of dollars to support the economy. But who does a government borrow from? Even banks are allowed to lend more money than they have. How is that possible? Who benefits from this?