return2ozma@lemmy.worldBanned from community to News@lemmy.world · 1 年前72% of Americans Say the Rich 'Have Too Much' as GOP Pursues Another Handout for Billionaireswww.commondreams.orgexternal-linkmessage-square89linkfedilinkarrow-up11.03Karrow-down19cross-posted to: usa@midwest.socialBoycottUnitedStates@europe.pubaspen_anti_billionaire_society@midwest.socialworkreform@lemmy.world
arrow-up11.02Karrow-down1external-link72% of Americans Say the Rich 'Have Too Much' as GOP Pursues Another Handout for Billionaireswww.commondreams.orgreturn2ozma@lemmy.worldBanned from community to News@lemmy.world · 1 年前message-square89linkfedilinkcross-posted to: usa@midwest.socialBoycottUnitedStates@europe.pubaspen_anti_billionaire_society@midwest.socialworkreform@lemmy.world
minus-squaresqgl@sh.itjust.workslinkfedilinkarrow-up1·1 年前Am no expert but didn’t the money come from the banks virtual reserves? In which case the total money in the economy hasn’t changed. Before the house purchase it would have been in other investments, no?
minus-squareiopq@lemmy.worldlinkfedilinkarrow-up1·1 年前No, because they are allowed to do partial reserves. I assumed a reserve ratio of 10:1
minus-squaresqgl@sh.itjust.workslinkfedilinkarrow-up1·1 年前OK, thanks but then that raises another question: Doesn’t expanding the money supply devalue the dollar?
minus-squareiopq@lemmy.worldlinkfedilinkarrow-up1·1 年前Yes, that’s why the Fed in raising the interest rates actually lowers inflation
Am no expert but didn’t the money come from the banks virtual reserves? In which case the total money in the economy hasn’t changed.
Before the house purchase it would have been in other investments, no?
No, because they are allowed to do partial reserves. I assumed a reserve ratio of 10:1
OK, thanks but then that raises another question: Doesn’t expanding the money supply devalue the dollar?
Yes, that’s why the Fed in raising the interest rates actually lowers inflation
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