I didn’t read the essay, but taking a swing at the sentence, it could be a reference to the lending and re-lending of fractional reserve banking creating a larger money supply than what was issued by the sovereign. I’m not sure where “infinite” enters into it, though… maybe it is meant to mean “unending” rather than “innumerable”?
I didn’t read the essay, but taking a swing at the sentence, it could be a reference to the lending and re-lending of fractional reserve banking creating a larger money supply than what was issued by the sovereign. I’m not sure where “infinite” enters into it, though… maybe it is meant to mean “unending” rather than “innumerable”?