WingNews logo WingNews
top | new | best | ask | show | jobs
top | item 22535158

(no title)

ptah | 6 years ago

the money is not from other entities. it is literally made up based on a fraction of the reserves the bank holds.

https://en.wikipedia.org/wiki/Fractional-reserve_banking

discuss

order

No comments yet.

powered by hn/api // news.ycombinator.com