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Grayox to Memes@lemmy.ml • 1 year ago

Rent is Robbery

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Rent is Robbery

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Grayox to Memes@lemmy.ml • 1 year ago
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  • @SwingingKoala@discuss.tchncs.de
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    0•1 year ago

    The banks don’t get to just magically conjure up as much money as that want. It is backed by actual money/assets

    Haha, dream on.

    • Reserve requirements cut to zero: https://www.forbes.com/sites/bobhaber/2020/03/16/the-fed-fires-the-big-one/#76b638ad6aa8
    • https://www.federalreserve.gov/newsevents/pressreleases/monetary20200315b.htm
    • @bassomitron@lemmy.world
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      2•1 year ago

      Wow, I thought they’d raised it back up after COVID “ended.” How ridiculous, you’d think that would be one of the first tools they’d use to address inflation outside of just raising interest rates.

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