this post was submitted on 23 Dec 2023
1049 points (91.7% liked)

Memes

45729 readers
1074 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
gary_host_laptop@lemmy.ml
sexy_peach@feddit.de
cyclohexane@lemmy.ml
cypherpunks@lemmy.ml
1049
Rent is Robbery (lemmy.ml)
submitted 11 months ago by Grayox@lemmy.ml to c/memes@lemmy.ml
156 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] Ookami38@sh.itjust.works 1 points 11 months ago

I think the most generous interpretation of what they seem to be trying to explain is the "phantom plans" created from loaning loaned money.

A deposits 1k into bank Bank loans B 1k B loans C 500

There's only 1k in circulation, 500 in B's hands and 500 in C's, but there is technically 1500 in total loans.

I could be off base that this is what they're talking about, and I don't necessarily think it's all that relevant to the conversation, just spitballing.