• theshatterstone54@feddit.uk
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      1 year ago

      You know what? Let me simplify if for you:

      Person A deposits $100 to the Bank

      Person A’s account is worth $100. The Bank has $100 in its reserves.

      Person B takes out a loan of $80 from the Bank.

      The Bank now has only $20 in its reserves.

      Person B pays the $80 to Person A for a service

      Person A deposits the $80 to the Bank.

      Person A’s account is worth $180.

      The Bank now has $100 ($80 deposit + $20 left from earlier) in its reserves.

      2 days later, nothing’s changed, except Person A needs some extra money quickly, so they go and try to withdraw the $180 in their account. The Bank only has $100 in its reserves.

      • Ilovethebomb@lemmy.world
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        1 year ago

        That’s why we have a “fractional reserve” system in place pretty much everywhere.

        And besides, they haven’t created that money, as the first person has a balance of -80.