Comment on Thomas Edison was the Elon musk of his era
RestrictedAccount@lemmy.world 2 months agoLoan what? Banks can only work if someone has already made a profit that they can invest.
Comment on Thomas Edison was the Elon musk of his era
RestrictedAccount@lemmy.world 2 months agoLoan what? Banks can only work if someone has already made a profit that they can invest.
PotatoesFall@discuss.tchncs.de 2 months ago
Yeah people like to save money and that’s what banks invest and offer interest on. They then hand out loans with higher interest than they pay to savers. I’m pretty sure that’s already how banks work.