The Picard Maneuver@lemmy.worldM to memes@lemmy.world · 10 days agoA totally normal thinglemmy.worldimagemessage-square92fedilinkarrow-up1997arrow-down114
arrow-up1983arrow-down1imageA totally normal thinglemmy.worldThe Picard Maneuver@lemmy.worldM to memes@lemmy.world · 10 days agomessage-square92fedilink
minus-squareAwkwardLookMonkeyPuppet@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down3·10 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-squarethemoonisacheese@sh.itjust.workslinkfedilinkarrow-up9·10 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.