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Jack and Jill are two arbitrary names here. With 100% reserves, a bank cannot lend Jill's deposits to Jack. Note the dropped 's' in Varoufakis's comment.
by lepton 11y ago
Jack and Jill are two arbitrary names here. With 100% reserves, a bank cannot lend Jill's deposits to Jack.
Note the dropped 's' in Varoufakis's comment.
- atmosx 11y agoI missed the dropped 's'! Thanks for making it plaintext for me.