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This is all the more frustrating—no, enraging, when you learn how banks create money.
by Kinnard 11y ago
This is all the more frustrating—no, enraging, when you learn how banks create money.
- vonklaus 11y agoUnderrated comment. I was just listening to a bitcoin podcast with the Bank to the Future author discussing this. Bit one sided, but really interesting essentially he posits that capitalism is somewhat problematic but still a great way to organize actors in a market, however the ability for banks to create money and the false assumption that they are intermediaries has lead to the problems we're in now.