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A comment on To avoid Finland’s tax a 1,000HP imported Hennessey RAM is limited to 55MPH. Parent comment

Re:To avoid Finland’s tax a 1,000HP imported Hennessey RAM i... by hgomersall on Sunday March 13, 2022 @03:41AM (#30658923)
In the UK there are no legal reserve requirements on lending. Similarly in the US for business lending.

Basel III makes no mention of reserves, but it does talk about liquidity. Liquidity can be and is met through interbank lending, with the center bank filling in as necessary.

https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/m... https://en.m.wikipedia.org/wiki/Basel_III http://www.debtdeflation.com/blogs/2009/01/31/therovingcaval... https://positivemoney.org/2011/04/monetary-reform-myths-1-10...

A nice bonus link on interest rates not necessarily controlling inflation in the expected way: https://new-wayland.com/blog/interest-price-spiral/

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Re:To avoid Finland’s tax a 1,000HP imported Hennessey RAM i... by eru on Monday March 14, 2022 @11:12PM (#30681307)
Why do you think banks accept deposits at all?
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Re:To avoid Finland’s tax a 1,000HP imported Hennessey RAM i... by hgomersall on Tuesday March 15, 2022 @03:05AM (#30682439)
Mostly cheap liquidity: https://www.resilience.org/stories/2014-10-28/why-do-banks-w...

For the same reason they pay interest on deposits: https://new-wayland.com/blog/why-banks-pay-interest-on-depos...

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