# Debt

By [Untitled](https://paragraph.com/@0x01be346dc1636f029ec025c91c992f7b0d14bda5) · 2022-07-29

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On the basis of the additional reserve, banks can lend more without having to worry about their own liquidity. The macroeconomic demand is increased through two channels: both the state and private agents can finance their excessive spending by debt.

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*Originally published on [Untitled](https://paragraph.com/@0x01be346dc1636f029ec025c91c992f7b0d14bda5/debt)*