this post was submitted on 23 Dec 2023
1039 points (91.5% liked)

Memes

45759 readers
924 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
gary_host_laptop@lemmy.ml
sexy_peach@feddit.de
cyclohexane@lemmy.ml
cypherpunks@lemmy.ml
1039
Rent is Robbery (lemmy.ml)
submitted 11 months ago by Grayox@lemmy.ml to c/memes@lemmy.ml
148 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] thetreesaysbark@sh.itjust.works 1 points 11 months ago (2 children)

Hey, I simply said what I thought and expressed interest in what you thought. Not everyone here is trying to attack you.

[–] TrickDacy@lemmy.world 1 points 11 months ago* (last edited 11 months ago)

If I misread the tone of your message, my bad.

[–] TrickDacy@lemmy.world 0 points 11 months ago

How is money created? Some is created by the state, but usually in a financial emergency. For instance, the crash gave rise to quantitative easing – money pumped directly into the economy by the government. The vast majority of money (97%) comes into being when a commercial bank extends a loan.

https://www.forbes.com/sites/francescoppola/2017/10/31/how-bank-lending-really-creates-money-and-why-the-magic-money-tree-is-not-cost-free/?sh=18b9b3073073