Post
Topic
Board Economics
Re: You cannot talk about Money without watching this movies first
by
benjamindees
on 03/06/2011, 23:56:12 UTC
Imagine a bank lends you some X money to buy your house/car whatever.

they still have those $X in their account because with that they just introduced your mother's house into economy.

Uh-huh.  And, then what happens instead if they lend money to buy a dot-com company, or an insurance derivative, or a house that goes down in value?