bradmillscan on Nostr: People think that because the amount of deposits grew with the amount of bank ...
People think that because the amount of deposits grew with the amount of bank reserves, that means the banks didn’t just make money from nothing, rather they used other peoples deposits for loans.
…
What they are missing is “Other people’s deposits” were created from nothing by bank issuing loans.
Published at
2023-04-21 12:59:25Event JSON
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"content": "People think that because the amount of deposits grew with the amount of bank reserves, that means the banks didn’t just make money from nothing, rather they used other peoples deposits for loans.\n\n…\n\nWhat they are missing is “Other people’s deposits” were created from nothing by bank issuing loans.",
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