minus-squaregeissi@feddit.detoAsklemmy@lemmy.ml•What industry secret are you aware of that most people aren't?linkfedilinkEnglisharrow-up9·1 year ago Fractional-reserve banking That has already become outdated, at least according to some economists. Banks can just create loans out of thin air without having to check their own reserves first. https://en.wikipedia.org/wiki/Money_creation#Credit_theory_of_money linkfedilink
minus-squaregeissi@feddit.detoDiscworld@lemmy.ml•Exclusive: Discworld TTRPG in the works by studio behind Fallout wargameslinkfedilinkEnglisharrow-up9·2 years agoYou have a million to one chance, roll 6d10. linkfedilink
minus-squaregeissi@feddit.detoAsklemmy@lemmy.ml•what movie/show made you think "WTF did I just watch?"linkfedilinkEnglisharrow-up1·2 years agoSerial Experiments Lain linkfedilink
That has already become outdated, at least according to some economists.
Banks can just create loans out of thin air without having to check their own reserves first.
https://en.wikipedia.org/wiki/Money_creation#Credit_theory_of_money