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1. Aral Balkan (aral@mastodon.ar.al)'s status on Monday, 08-May-2023 20:06:16 JST Aral Balkan

   Money is a legal fiction.

   • Aral Balkan (aral@mastodon.ar.al)'s status on Saturday, 13-May-2023 17:31:40 JST Aral Balkan

     in reply to

     • Kramer Peace

     @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

   • Kramer Peace (kpeace@liberdon.com)'s status on Saturday, 13-May-2023 17:31:41 JST Kramer Peace

     in reply to

     @aral
     History kind id disagrees with you...