this post was submitted on 02 Dec 2024
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[โ€“] Anticorp 0 points 2 months ago (1 children)

They don't reduce your available balance because they're constantly juggling the money around. But they're not producing money out of thin air. They can't loan more than they hold in deposits.

[โ€“] [email protected] 9 points 2 months ago

Uh... Yeah they can? Look up fractional reserve banking.