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Did you notice an expansion in the total money supply in your office due to deposit multiplication?[1] I can conceive of a situation where three people who want
by Kortaggio 13y ago
Did you notice an expansion in the total money supply in your office due to deposit multiplication?[1] I can conceive of a situation where three people who wanted to prank you can game the TCNW statistics by circularly assigning debt to each other. For example, Alice says she owes Bob $20 billion, Bob says he owes Charlie $20 billion, and Charlie says he owes Alice $20 billion.
[1] http://en.wikipedia.org/wiki/Fractional_reserve_banking#Example_of_deposit_multiplication http://en.wikipedia.org/wiki/Fractional_reserve_banking#Exam...