ByteOnBikes@discuss.online to A Boring Dystopia@lemmy.world · 2 days agoBorrowing money against their stuff to get more stuff to borrow money...discuss.onlineimagemessage-square192linkfedilinkarrow-up11.41Karrow-down110
arrow-up11.4Karrow-down1imageBorrowing money against their stuff to get more stuff to borrow money...discuss.onlineByteOnBikes@discuss.online to A Boring Dystopia@lemmy.world · 2 days agomessage-square192linkfedilink
minus-squaresmeenz@lemmy.nzlinkfedilinkarrow-up1·21 hours agoBecause a small rate on a large loan is still a lot of income to the bank
minus-squareThirdConsul@lemmy.ziplinkfedilinkarrow-up1·19 hours agoAnd of course because banks can create more money than they have.
Because a small rate on a large loan is still a lot of income to the bank
And of course because banks can create more money than they have.