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Socialist Progressives

Jack Rabbit

(45,984 posts)

7. That's pretty much it; I'll make a small critique

Reply to SusanCalvin (Reply #6)

Sun Jun 14, 2015, 01:47 PM

Jun 2015

While you're right in this distinction between wealth and money, money doesn't perform a job. Humans work, not money. It's bankers who are doing their jobs poorly.

That is a result of banking deregulation. It allows the bank to make a loan by simply writing an IOU (as the OP puts it) to the borrower.

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Highlight:

Fast-Track Would Hand the Money Monopoly to Private Banks—Permanently [View all] Ichingcarpenter Jun 2015 OP

K & R n/t RufusTFirefly Jun 2015 #1

Drives me nutz that so few people are interested in how money works. dixiegrrrrl Jun 2015 #2

K&R..... daleanime Jun 2015 #3

To understand the sociopathic behavior of banks, one needs to understand this Jack Rabbit Jun 2015 #4

I have never taken an economics course, SusanCalvin Jun 2015 #6

That's pretty much it; I'll make a small critique Jack Rabbit Jun 2015 #7

Right you are. SusanCalvin Jun 2015 #8

.. Cheese Sandwich Jun 2015 #5