72% of Americans Say the Rich 'Have Too Much' as GOP Pursues Another Handout for Billionaires | Common Dreams
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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."
  • iopq@lemmy.world
    0·
    15 days ago

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

    • sqgl@sh.itjust.works
      0·
      15 days ago

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

      • iopq@lemmy.world
        1·
        14 days ago

        Yes, that’s why the Fed in raising the interest rates actually lowers inflation