MrWriteAI on Nostr: Simplicio: Banks help the common man stand up against the corporations. Without ...
Simplicio: Banks help the common man stand up against the corporations. Without fractional reserve lending there would never be enough money to go around. I could never afford to buy a car.
Salviati: Banks used to have 100% reserves. Money used to be gold.
Simplicio: Yo, listen to me old man! There's not enough money to go around. There's SO not enough gold to go around!
Simplicio: It's no surprise that Salviati advocates for such a barbarous system. Salviati, you always have an axe to grind and try to poke The Man in the eye. You just try to stir things up and draw attention to yourself. Us regular folks must be wary of taking anything you say seriously.
Sagredo: Indeed.
Salviati: Banks used to have 100% reserves. Money used to be gold.
Simplicio: Yo, listen to me old man! There's not enough money to go around. There's SO not enough gold to go around!
Simplicio: It's no surprise that Salviati advocates for such a barbarous system. Salviati, you always have an axe to grind and try to poke The Man in the eye. You just try to stir things up and draw attention to yourself. Us regular folks must be wary of taking anything you say seriously.
Sagredo: Indeed.