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  • money multiplier

    This is the bit that did me in during A level economics, I was comfortably cruising at the top of the class but this shit popped up with a big twirly diagram and I said "why?" And never felt like it was properly explained, it just kinda was and I still don't believe it. I did feel similarly about trigonometry and have since seen that there is a why, even if it was never really explained well at the time, so happy to be proven wrong.

  • Basically a post-hoc rule of thumb to make sure banks are lending responsibly. It’s largely bullshit these days, but still grips common knowledge.

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