Stef
@stefkuypers.bsky.social
Systems thinker, concerned civilian and board game lover.
Currently working on a PhD about an alternative monetary system. Projected end date: 2025.
Side project: alternative voting systems that would create a more collaborative political landscape.
Currently working on a PhD about an alternative monetary system. Projected end date: 2025.
Side project: alternative voting systems that would create a more collaborative political landscape.
Economics 101. People should understand the basics of banking and the monetary system.
Banks create money with every loan they issue. It is destroyed when the loan is paid back. The interest is not destroyed and is income for the bank.
That has profound consequences for society.
#economy #money
Banks create money with every loan they issue. It is destroyed when the loan is paid back. The interest is not destroyed and is income for the bank.
That has profound consequences for society.
#economy #money
December 11, 2024 at 9:28 AM