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Two cows (lemmy.world)

submitted 2 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 2 weeks ago

Fractional Reserve Banking really do be that way. And it could be OK with stronger protections against bankers being able to ~~bribe~~ lobby politicians with funnymoney, or pay themselves exorbitant compensations. The supply of currency has to grow with the economy's growing productive capacity, and its better if government spending isn't the only way new currency comes to exist.