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sjf93
searching PlanetScale…
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by
sjf93
2y ago
I suppose that’s true. I do think that your original argument that bank deposits don’t contribute to economic growth is wrong though. As you point out, they are a cheap form of liquidity for lenders. I think you’d agree that loans play a ke
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by
sjf93
2y ago
It’s been a while since I took a monetary theory class, but if people are interested in your first point they should look into fractional-reserve banking. Essentially banks are only required to have a fraction of their deposit liabilities a