matta on Nostr: fractional reserve banking fuckery * a person deposits money in a bank. * the bank ...
fractional reserve banking fuckery
* a person deposits money in a bank.
* the bank keeps a small portion as reserves and loans out the rest.
* this loaned money is deposited again, repeating the cycle.
each cycle increases the total money supply
banks create money by lending while keeping only a fraction of deposits as reserves
🚨 money is removed from the system when deposits are withdrawn as cash
* Stack Sats
Published at
2024-09-01 13:54:39Event JSON
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