Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

http://en.wikipedia.org/wiki/Fractional_reserve_banking

It's not like their money hidden in a vault. Furthermore they may have spent it, thus converting their money into a non-monetary asset like a home, yet it still counts when calculating wealth.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: