3 ms·
> What if I was to tell you that all the money that you deposit in the banks is not used for anything. Honestly? I'd say to take the facile conspiracy theories
by fennecfoxen 11y ago
> What if I was to tell you that all the money that you deposit in the banks is not used for anything.
Honestly? I'd say to take the facile conspiracy theories and go home.
In a regime where money is only money because people believe it is money, and in which money can be created from thin air (either via printing or via lending), the money in the central banks is used for little things like maintaining price stability, and preventing total economic collapse.