The Picard ManeuverM to memes • 1 month agoA totally normal thingimagemessage-square93arrow-up1999arrow-down114
arrow-up1985arrow-down1imageA totally normal thingThe Picard ManeuverM to memes • 1 month agomessage-square93
minus-squareAwkwardLookMonkeyPuppetlinkEnglish0•1 month agoThey don’t reduce your available balance because they’re constantly juggling the money around. But they’re not producing money out of thin air. They can’t loan more than they hold in deposits.
minus-square@[email protected]linkfedilink9•1 month agoUh… Yeah they can? Look up fractional reserve banking.
They don’t reduce your available balance because they’re constantly juggling the money around. But they’re not producing money out of thin air. They can’t loan more than they hold in deposits.
Uh… Yeah they can? Look up fractional reserve banking.