this post was submitted on 28 May 2022
6 points (87.5% liked)

Libre Culture

4342 readers
1 users here now

What is libre culture?

Libre culture is all about empowering people. While the general philosophy stems greatly from the free software movement, libre culture is much broader and encompasses other aspects of culture such as music, movies, food, technology, etc.

Some beliefs include but aren't limited to:

Check out this link for more.

Rules

I've looked into the ways other forums handle rules, and I've distilled their policies down into two simple ideas.

Libre culture is a very very broad topic, and while it's perfectly okay for a conversation to stray, I do ask that we keep things generally on topic.

Related Communities

Helpful Resources

Community icon is from Wikimedia Commons and is public domain.

founded 5 years ago
MODERATORS
 

is my logic wrong here, like shouldnt any sane person then invest virtually all their money?

i suppose the main counterargument is that its safer in a bank, anyway im not too knowledgeable so i wanna hear what people have to say here

you are viewing a single comment's thread
view the rest of the comments
[–] furrymlarchy@lemmygrad.ml 3 points 2 years ago

I wouldn't say they rely on it, but they do take advantage of it. Banks do many things to make money.

They are only actually required to have a certain percentage of the money they "have" on hand not being invested. This amount has constantly been shrinking in the US, and was actually reduced to zero with a lot of asterisks during the beginning of the Covid pandemic.

Realistically, if there was a decrease in the amount of money people were saving rather than investing and it was negatively effecting their business they would just have the reserve requirements lowered even more.

The main function of the banks is to give out loans. All other functions are only there to assist in this main function.