econ fun fact: banks do not lend out savings. to the contrary, a bank loan even creates savings. we have a decentralized money creation system. a bank loan creates money out of thin air and deletes the money once it is repaid. - ThreadSky

woof.bsky.social • 17 hours ago

econ fun fact: banks do not lend out savings. to the contrary, a bank loan even creates savings.

we have a decentralized money creation system. a bank loan creates money out of thin air and deletes the money once it is repaid.