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• 04:44, 19 October 2025 Mbauwens talk contribs created page Inside vs Outside Money (Created page with " =Typology= Chor Pharn: "The modern financial hierarchy is built on two kinds of claims. Inside money is created within the private sector—bank deposits, money-market funds, repo credit. It expands liquidity but cannot settle on its own; every instrument depends on another balance sheet. Outside money is issued or guaranteed by the state: central-bank reserves, sovereign bonds, or historically, gold. It settles obligations without reference to another promise. For...")