Banking On It

Posted on December 28th, 2009 by mark in Doom & Gloom, Economics & Politics

When we are children, we conceive of banks as places to safely deposit money. If, by chance, you grew up watching It’s A Wonderful Life every Christmas, you probably have the idea that money deposited in banks is loaned out into your community:

If modern banking truly worked this way, you would understand that when people [...]

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