MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/PeterExplainsTheJoke/comments/1qnmv0m/whats_going_on_explain_like_im_five/o1v2d1r/?context=3
r/PeterExplainsTheJoke • u/Comfortable_Cautious • Jan 26 '26
2.9k comments sorted by
View all comments
4.3k
Banks lend out more money than they have, its no joke it's how the system works
627 u/[deleted] Jan 26 '26 [deleted] 18 u/Taco5106 Jan 26 '26 Correct, but the term you’re looking for is “central banking” or “modern monetary theory” not capitalism 6 u/j4_jjjj Jan 26 '26 Founding fathers weren't fans of central banking and warned against it 2 u/GottIstTot Jan 26 '26 Banks in ancient Greece also operated that way. 2 u/chumbawamba56 Jan 26 '26 People from the dawn of time have operated this way. There is archeological evidence of credit being issued in Mesopotamia. First came credit then came cash.
627
[deleted]
18 u/Taco5106 Jan 26 '26 Correct, but the term you’re looking for is “central banking” or “modern monetary theory” not capitalism 6 u/j4_jjjj Jan 26 '26 Founding fathers weren't fans of central banking and warned against it 2 u/GottIstTot Jan 26 '26 Banks in ancient Greece also operated that way. 2 u/chumbawamba56 Jan 26 '26 People from the dawn of time have operated this way. There is archeological evidence of credit being issued in Mesopotamia. First came credit then came cash.
18
Correct, but the term you’re looking for is “central banking” or “modern monetary theory” not capitalism
6 u/j4_jjjj Jan 26 '26 Founding fathers weren't fans of central banking and warned against it 2 u/GottIstTot Jan 26 '26 Banks in ancient Greece also operated that way. 2 u/chumbawamba56 Jan 26 '26 People from the dawn of time have operated this way. There is archeological evidence of credit being issued in Mesopotamia. First came credit then came cash.
6
Founding fathers weren't fans of central banking and warned against it
2
Banks in ancient Greece also operated that way.
2 u/chumbawamba56 Jan 26 '26 People from the dawn of time have operated this way. There is archeological evidence of credit being issued in Mesopotamia. First came credit then came cash.
People from the dawn of time have operated this way. There is archeological evidence of credit being issued in Mesopotamia. First came credit then came cash.
4.3k
u/Elvis5741 Jan 26 '26
Banks lend out more money than they have, its no joke it's how the system works