Список проголосовавших за комментарий "Endeavour, сомневаюсь, что кредит это деньги:) В этом вопросе я склонен более доверять мнению Рэя Далио. <br/> <br/> Money <br/> Money is what you settle your payments with. Some people mistakenly believe that money is whatever will buy you goods and services, whether that's dollar bills or simply a promise to pay (e.g., whether it's a credit card or an account at the local grocery). When a department store gives you merchandise in return for your signature on a credit card form, is that signature money? No, because you did not settle the transaction. Rather, you promised to pay money. So you created credit, which is a promise to pay money.<br/> <br/> The Federal Reserve has chosen to define “money” in terms of aggregates (i.e., currency plus various forms of credit — M1, M2, etc.), but this is misleading. Virtually all of what they call money is credit (i.e., promises to deliver money) rather than money itself. The total amount of debt in the U.S. is about $50 trillion and the total amount of money (i.e., currency and reserves) in existence is about $2 trillion. So, if we were to use these numbers as a guide, the amount of promises to deliver money (i.e., debt) is roughly 25 times the amount of money there is to deliver.4<br/> There are two ways demand can increase: with credit or without it. Of course, it's far easier to stimulate demand with credit than without it. For example, in an economy in which there is no credit, if I want to buy a good or service I would have to exchange it for a comparably valued good or service of my own. Therefore, the only way I can increase what I own and the economy as a whole can grow is through increased production. As a result, in an economy without credit, the growth in demand is constrained The main point is that most people buy things with credit and don’t pay much attention to what they are promising to deliver and where they are going to get it from, so there is much less money than obligations to deliver it."