JustAManOnAToilet@lemmy.world to News@lemmy.world · 9 months agoJPMorgan CEO Jamie Dimon warns the world isn't ready for 7% interest ratewww.cnn.comexternal-linkmessage-square26fedilinkarrow-up174arrow-down113
arrow-up161arrow-down1external-linkJPMorgan CEO Jamie Dimon warns the world isn't ready for 7% interest ratewww.cnn.comJustAManOnAToilet@lemmy.world to News@lemmy.world · 9 months agomessage-square26fedilink
minus-squareDienervent@kbin.sociallinkfedilinkarrow-up2·9 months agoYou’re describing profit, not money supply. Bank profits don’t cause inflation in the way you seem to say and bank profits are no different than any other company’s profits in terms of how they affect inflation.
You’re describing profit, not money supply.
Bank profits don’t cause inflation in the way you seem to say and bank profits are no different than any other company’s profits in terms of how they affect inflation.