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loishodls /
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2023-04-20 19:26:15

loishodls on Nostr: The mysteries of banking vocabulary are not revealed to the average man and it’s ...

The mysteries of banking vocabulary are not revealed to the average man and it’s difficult to understand how privately issued bank notes serve the same purpose as printing money.

Average man: To borrow is to accept a loan of something that already exists
Banker: creates money out of nothing and says he is lending
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npub13el7eg6zrtfsnr0fn7gysj4hq0sgph3c3dffd6rcvz5lknxqneeqxtuwqh