frphank on Nostr: Fractional reserve banking doesn't create money. Not sure where this absurdity came ...
Fractional reserve banking doesn't create money. Not sure where this absurdity came from. Banks create promises, that's fine everyone creates promise, I can promise you I'll help you with moving house next weekend for sure. Sometimes I don't keep my promises and sometimes bank don't keep theirs.
https://en.m.wikipedia.org/wiki/Collapse_of_Silicon_Valley_BankPublished at
2024-09-15 17:17:17Event JSON
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