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storing money in the bank means it's not flowing in the economy Money in the bank is flowing through the economy, since the bank has lent it out to others. Yo
by danielweber 14y ago
storing money in the bank means it's not flowing in the economy
Money in the bank is flowing through the economy, since the bank has lent it out to others.
You can have issues with partial-reserve banking, or not. But keeping a bunch of dollars or Euros in the bank is not hoarding them. They are active in the economy.
- kruhft 14y agoThat edit was meant to be a joke based on the type of typical, echo chamber, limited knowledge response the s/he gave. And since the repeal of Glass-Steagall who knows where the money in bank deposits goes.