On 17 December 2013 09:02, meekerdb <meeke...@verizon.net> wrote: > You always refer to "central" banks. But all banks always did this. The > bank would take 1M$ in deposits and then make 10M$ in loans, depending on > the fact that statistically only a few depositors would ask for their money > at any one time. So they collected interest on 10M$ while only having to > pay interest on 1M$ (if at all). >
On the subject of "always did this" --- I believe Karl Marx said something similar? -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to everything-list+unsubscr...@googlegroups.com. To post to this group, send email to everything-list@googlegroups.com. Visit this group at http://groups.google.com/group/everything-list. For more options, visit https://groups.google.com/groups/opt_out.
