Memes

45655 readers

2677 users here now

Rules:

Be civil and nice.
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

[email protected]

1052

Rent is Robbery (lemmy.ml)

submitted 10 months ago by [email protected] to c/[email protected]

153 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 0 points 10 months ago (1 children)

I'm interested in how you're so confidently incorrect about a very basic fact about how capitalism works.

[–] [email protected] 1 points 10 months ago (2 children)

Hey, I simply said what I thought and expressed interest in what you thought. Not everyone here is trying to attack you.

[–] [email protected] 1 points 10 months ago* (last edited 10 months ago)

If I misread the tone of your message, my bad.

[–] [email protected] 0 points 10 months ago

How is money created? Some is created by the state, but usually in a financial emergency. For instance, the crash gave rise to quantitative easing – money pumped directly into the economy by the government. The vast majority of money (97%) comes into being when a commercial bank extends a loan.

https://www.forbes.com/sites/francescoppola/2017/10/31/how-bank-lending-really-creates-money-and-why-the-magic-money-tree-is-not-cost-free/?sh=18b9b3073073