this post was submitted on 23 Dec 2023

1058 points (91.7% liked)

Memes

45608 readers

1063 users here now

Rules:

Be civil and nice.
Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago

MODERATORS

gary_host_laptop@lemmy.ml

sexy_peach@feddit.de

cyclohexane@lemmy.ml

cypherpunks@lemmy.ml

1058

Rent is Robbery (lemmy.ml)

submitted 10 months ago by Grayox@lemmy.ml to c/memes@lemmy.ml

156 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] SwingingKoala@discuss.tchncs.de -1 points 10 months ago (1 children)

The banks don’t get to just magically conjure up as much money as that want. It is backed by actual money/assets

Haha, dream on.

Reserve requirements cut to zero: https://www.forbes.com/sites/bobhaber/2020/03/16/the-fed-fires-the-big-one/#76b638ad6aa8
https://www.federalreserve.gov/newsevents/pressreleases/monetary20200315b.htm

[–] bassomitron@lemmy.world 2 points 10 months ago

Wow, I thought they'd raised it back up after COVID "ended." How ridiculous, you'd think that would be one of the first tools they'd use to address inflation outside of just raising interest rates.