Aral Balkan (aral@mastodon.ar.al)'s status on Sunday, 21-May-2023 20:55:46 JST

@kpeace I was merely stating a fact about the fractional reserve system we have today. Money is literally magicked from thin air the moment a bank records a loan in its ledgers. Here’s a good article if you want to learn more about it:

https://www.sciencedirect.com/science/article/pii/S1057521914001070?via%3Dihub