They never did loan out anything. It’s always been a myth propagated by people who have never been involved in banking [0] The limits to banking are when the l

They never did loan out anything. It’s always been a myth propagated by people who have never been involved in banking [0] The limits to banking are when the last creditworthy person prepared to pay the current price of money walks through the door. [0]: https://new-wayland.com/blog/post-war-banking-policy/ https://new-wayland.com/blog/post-war-banking-policy/