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Yes, exactly. It forces the poor (and the rich) to spend it. When you take out a mortgage on a house its partly because someone took cash they received and de
by georgeecollins 2y ago
Yes, exactly. It forces the poor (and the rich) to spend it.
When you take out a mortgage on a house its partly because someone took cash they received and deposited it in the bank. If they kept the cash the bank would not have reserves to loan.
- LudwigNagasena 2y agoYou don't even need to do anything to deposit money in the bank anymore. Most people automatically receive their salary in the form of direct bank deposits. And if the value of your money grows, why would you want to do anything with it? You would just let it sit there in the bank.