|
|
|
|
|
|
by mhuffman
2956 days ago
|
|
|
> people deposit money at a bank, and the bank lends (gives!) some of that money out to (e.g.) students People deposit money at a bank and the bank lends out 10 times as much! Granted the "new money" is destroyed as the principle is paid back, but its new money out of thin air -- and the interest is real money! Here is a more easy-to-read version[1] [1] https://www.investopedia.com/articles/investing/022416/why-b... |
|
|