Fractional Reserve, Anyone?

Apr 6, 2022 6:09 PM

#decline

decline

Quantitative easing explained

4 years ago | Likes 1 Dislikes 0

Feel free to look into bankruptcies in the US prior to the Federal Reserve becoming a thing. Hint: it was much, much worse

4 years ago | Likes 8 Dislikes 1

FOR CHRIST'S SAKE, FOR THE 1000th TIME, I ONLY STOLE $100 AS THE BANKER! AND THAT WAS 30 YEARS AGO, LET IT GO!

4 years ago | Likes 31 Dislikes 1

*flips the board

4 years ago | Likes 8 Dislikes 0

Oh that's a lifetime ban.

4 years ago | Likes 5 Dislikes 0

For a currency issuer, this is literally how money works. See Kelton's book The Deficit Myth for an intro to Modern Monetary Theory.

4 years ago | Likes 3 Dislikes 0

Alternatively, from a historical point of view: https://theanarchistlibrary.org/library/david-graeber-against-economics

4 years ago | Likes 2 Dislikes 0

The game was originally supposed to demonstrate the problems inherent with capitalism/landlords.

4 years ago | Likes 87 Dislikes 1

But instead all it did was demonstrate the problems within families.

4 years ago | Likes 2 Dislikes 0

It was quite literally designed to not be fun except for the one person winning. Why the hell does everyone act like it's a fun game?

4 years ago | Likes 3 Dislikes 0

Then it was stolen by MB and stripped of its anti-capitalist message, while not fixing the problems caused by the capitalist mode.

4 years ago | Likes 14 Dislikes 0

As a metaphor, it is almost too perfect.

4 years ago | Likes 8 Dislikes 0

Don't you mean a meta-metaphor?

4 years ago | Likes 2 Dislikes 0