w/e, `sed 's/banks/Bob and Charlie/'`. Do you not get what he was getting at wit... | Hacker News

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		lesuorac on Nov 30, 2022 \| parent \| context \| favorite \| on: The Casino-Chip Society w/e, `sed 's/banks/Bob and Charlie/'`. Do you not get what he was getting at with the extra $40? https://en.wikipedia.org/wiki/Money_multiplier

williamcotton on Nov 30, 2022 [–]

I understand how debits and credits work in fractional reserve banking and how money is created in such a system. I don’t understand whatever OP was describing.

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