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Sunday Funnies

posted 301 days ago by Uncle_Fester 301 days ago by Uncle_Fester +123 / -0

If you Think lower interest rates and higher inflation are mutually exclusive, you need The Sunday Funnies.

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– Uncle_Fester [S] 5 points 301 days ago +5 / -0

"I was told there would be no math" I'm sure you're thinking. And that is true.

Lower rates = more borrowing

Where does the money to be borrowed come from?

Fractional reserve banking. It is created out of nothing.

More money with no assets backing it does what?

If you want to know more read "The Creature from Jekyll Island", but beware frens: it is a horror story.

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