Richard Murphy says:
October 3 2017 at 2:44 pm
I really think you might need to think hard about what banking is
Banks do not lend out depositors money
It really is time people realised that
O know what he’s saying, you know what he’s saying too. But we’ve still got this problem, if banks don’t lend out deposits then how can it be possible to have a bank run? Which is when a bank loses the deposits which fund its loans?
Spud’s never even offered a thought about that point, has he?