- 02 Nov 2017 08:23
#14858470
There are men and women working in banks who operate machines to make pennies - data inputters. Every time a bank approves a loan it's manufacturing money. Cash is only about 10% of the 'money' sloshing around in the economy.
"All issues are political issues, and politics itself is a mass of lies, evasions, folly, hatred and schizophrenia" Orwell
E l/r -10 : L/A -7.64
Decky wrote:There is a man working in the mint who operates a machine to make pennies
There are men and women working in banks who operate machines to make pennies - data inputters. Every time a bank approves a loan it's manufacturing money. Cash is only about 10% of the 'money' sloshing around in the economy.
howstuffworks wrote:Since money is really just a representation of value, it didn't take long for people to realize they could just send information about money by telegraph or other electronic means, and it was just as "real" as sending the money itself.
"All issues are political issues, and politics itself is a mass of lies, evasions, folly, hatred and schizophrenia" Orwell
E l/r -10 : L/A -7.64