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What do you think banks do with your money, exactly?
by Burnafter186 5y ago
What do you think banks do with your money, exactly?
- whimsicalism 5y agoLoan it out? What is your real question? I would rather not play Plato to your Socrates in a comment thread.
- PeterisP 5y agoThe point is that your money gets invested in productive enterprise in any case, no matter if it's done through equity financing or credit financing; so if you take out money from your savings account and buy shares then that does not really change the total amount of investment in the economy.
- whimsicalism 5y agoYes, both of those are increased with lower rates. My point remains exactly the same.