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A comment on France comes to standstill livid workers protest plan to increase retirement age. Parent comment

Re:France comes to standstill livid workers protest plan to ... by WalterBright on Tuesday March 07, 2023 @11:59PM (#35065450)
> In order to leave the vault it must be invested or more typically loaned.

Which it is. All of it, except for the reserve requirement. The idea that wealthy people hoard money is simply not true. The money is put back to work in the economy.

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Re:France comes to standstill livid workers protest plan to ... by peyton on Wednesday March 08, 2023 @12:53AM (#35065727)
Reserve requirement is 0% in the US. Money supply is actively managed, so irrelevant. Hard assets are definitely hoarded compared to the past.
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Re:France comes to standstill livid workers protest plan to ... by WalterBright on Wednesday March 08, 2023 @10:50PM (#35078134)
Hard assets are paid for with money, which means the money isn't hoarded.
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