• Delta_V@lemmy.world
    link
    fedilink
    arrow-up
    2
    ·
    6 months ago

    “existing money” that someone else took out as a loan at one point

    and when the loan is paid back, and the books go positive, that’s even better than getting a free house, or whatever collateral was used. its free money for the bank, money that didn’t exist before the loan created it