▲ 1064 ▼ Rent is Robbery (lemmy.ml) submitted 2 years ago by Grayox@lemmy.ml to c/memes@lemmy.ml 152 comments fedilink hide all child comments
[+] thetreesaysbark@sh.itjust.works 1 point 2 years ago (2 children) [deleted] permalink fedilink source parent hideshow 4 child comments replies: [–] TrickDacy@lemmy.world 1 point 2 years ago* (last edited 2 years ago) If I misread the tone of your message, my bad. permalink fedilink source parent [–] TrickDacy@lemmy.world 0 points 2 years 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 permalink fedilink source parent
[–] TrickDacy@lemmy.world 1 point 2 years ago* (last edited 2 years ago) If I misread the tone of your message, my bad. permalink fedilink source parent
[–] TrickDacy@lemmy.world 0 points 2 years 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 permalink fedilink source parent
