• throwawayacc0430@sh.itjust.worksEnglish
    731·
    16 days ago

    >Town of 100 people
    >Everyone has $50
    >Everyone stores Money In Town Bank
    >Total bank balance of everyone: $5000
    >Bank lends $1000 to a farmer to buy new equipment
    >Merchant who sold the equipment deposits $1000 into bank.
    >There is now $6000 total deposited in the bank
    >1000 just came out of thin air
    Money is fake and gay

    • ggtdbz@lemmy.dbzer0.com
      351·
      16 days ago

      I remember this classic philosophical quandary of our time, but in a different form.

      Classic.

      • PlexSheep@infosec.pub
        13·
        15 days ago
        1. A and B add 20 to Box. Both have -20 balance.
        2. A sells Box to B for 30. A has 10 balance and B has -50.
        3. A walks away with 10 Profit
        4. B takes cash out of box (40). Made 10 Loss.
      • throwawayacc0430@sh.itjust.worksEnglish
        5·
        15 days ago

        Balance:

        Each of 98 Townspeople: $50

        The Merchant: $1050

        The Farmer: -$950

        So, the 98 towns people and the merchant all wants to withdraw.

        ???

        Now you have a riot outside of a bank.

        Congrats, you destroyed a Town with #Banking 🫠

        Or alternatively.

        The Banker just gaslight the town to mob-lynch the Farmer the good ol’ capitalism way.