Comments by "Maxwell Benz" (@Tential1) on "Money’s Mostly Digital, So Why Is Moving It So Hard?" video.

  1. Hopefully, this helps people understand the valuable role banks play. Banks "create" wealth as long as the loans are good. If they are bad, it destroys wealth just as fast.
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  2. Well Adam, you touched on a key point, the bank only creates wealth if the money is loaned for successful ventures. If the irrigation system was a complete failure, and she couldn't pay back anything, you've now destroyed wealth. Banks play a critical role in ensuring the business venture is good, otherwise, you destroy Everyone's wealth quickly. This is why recessions and business failures can be catastrophic. Too many failures, and it's not just those businesses, it's the whole system.
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  3. Definitely one of the best videos at breaking down something very very complex. I tried to explain this to my brother once, and it's very hard.
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