The Picard ManeuverM to memes • 2 days agoA totally normal thingimagemessage-square90arrow-up1977arrow-down114
arrow-up1963arrow-down1imageA totally normal thingThe Picard ManeuverM to memes • 2 days agomessage-square90
minus-squareAwkwardLookMonkeyPuppetlinkEnglish0•2 days 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•2 days 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.