72% of Americans Say the Rich 'Have Too Much' as GOP Pursues Another Handout for Billionaires | Common Dreams
www.commondreams.org
A newly released survey underscores that "Americans have a solid grasp of the highly unequal concentration of wealth in the United States—and they think it's rotten."
  • sqgl@sh.itjust.works
    0·
    1 month ago

    Am no expert but didn’t the money come from the banks virtual reserves? In which case the total money in the economy hasn’t changed.

    Before the house purchase it would have been in other investments, no?

    • iopq@lemmy.world
      0·
      1 month ago

      No, because they are allowed to do partial reserves. I assumed a reserve ratio of 10:1

      • sqgl@sh.itjust.works
        0·
        1 month ago

        OK, thanks but then that raises another question: Doesn’t expanding the money supply devalue the dollar?