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The windows aren't broken. And we both know it won't be meth, its the new fancy fentanyl. those are not mattresses. those are bank accounts.
by abfan1127 7y ago
The windows aren't broken. And we both know it won't be meth, its the new fancy fentanyl.
those are not mattresses. those are bank accounts.
- jkhdigital 7y agoExactly, and bank deposits are the source of loanable funds so they are still very much a critical part of the living economy. This isn't the 1920's where people literally had wads of cash completely removed from the banking system, nobody does that shit anymore.
- nerdponx 7y agoHas there been any research done on the different economic effects of businesses putting their money in a bank account (indirectly creating more loanable funds) compared to other things they might do with it? If banks aren't lending then having more loanable funds available means the money is effectively under a mattress. Unless it's being invested in equities or something instead of being loaned out.