Dana El-Kurd
👤 Speaker
2600
total appearances
Appearances Over Time
Podcast Appearances
Behind the Bastards
It Could Happen Here Weekly 225
I put my money in it and they hold it for me.
Behind the Bastards
It Could Happen Here Weekly 225
So, no, actually, and this is the interesting part.
Behind the Bastards
It Could Happen Here Weekly 225
No, they do stuff with it.
Behind the Bastards
It Could Happen Here Weekly 225
They're holding on to the promise of my money.
Behind the Bastards
It Could Happen Here Weekly 225
So, okay, let's just look at this for a second.
Behind the Bastards
It Could Happen Here Weekly 225
So, okay, so regular people give them money to store in the bank.
Behind the Bastards
It Could Happen Here Weekly 225
This is called a deposit.
Behind the Bastards
It Could Happen Here Weekly 225
The bank takes your money and loans it out.
Behind the Bastards
It Could Happen Here Weekly 225
And uses that to make more money.
Behind the Bastards
It Could Happen Here Weekly 225
This is how it pays you interest, right?
Behind the Bastards
It Could Happen Here Weekly 225
Is that it's taking your money and it's loaning it out to other people.
Behind the Bastards
It Could Happen Here Weekly 225
It's buying things with it.
Behind the Bastards
It Could Happen Here Weekly 225
And this is obviously a cartoon image.
Behind the Bastards
It Could Happen Here Weekly 225
And I know there's going to be econ people who are going to be mad at me.
Behind the Bastards
It Could Happen Here Weekly 225
Look, if you understand.