The Picard Maneuver@lemmy.worldM to memes@lemmy.world · 2 years agoA totally normal thinglemmy.worldimagemessage-square92linkfedilinkarrow-up11K
arrow-up11KimageA totally normal thinglemmy.worldThe Picard Maneuver@lemmy.worldM to memes@lemmy.world · 2 years agomessage-square92linkfedilink
minus-squareAnticorp@lemmy.worldlinkfedilinkEnglisharrow-up3·2 years 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-up9·2 years 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.