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News@lemmy.world • 4 days ago

72% of Americans Say the Rich 'Have Too Much' as GOP Pursues Another Handout for Billionaires

www.commondreams.org

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72% of Americans Say the Rich 'Have Too Much' as GOP Pursues Another Handout for Billionaires

www.commondreams.org

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News@lemmy.world • 4 days ago

72% of Americans Say the Rich 'Have Too Much' as GOP Pursues Another Handout for Billionaires | Common Dreams

www.commondreams.org

A newly released survey underscores that "Americans have a solid grasp of the highly unequal concentration of wealth in the United States—and they think it's rotten."

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@iopq@lemmy.world
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1•1 day ago
No, because they are allowed to do partial reserves. I assumed a reserve ratio of 10:1
- @sqgl@sh.itjust.works
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  1•1 day ago
  OK, thanks but then that raises another question: Doesn’t expanding the money supply devalue the dollar?
  - @iopq@lemmy.world
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    23 hours ago
    Yes, that’s why the Fed in raising the interest rates actually lowers inflation

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