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Invisible wrote:
> The part I can't figure out is how you do the accounts of a company, and
> they end up with more money than they started out with, even though it
> hasn't apparently "come" from anywhere... Accounting is weird!
It comes from profits. Easy enough.
What *I* don't understand is how you do accounting for
fractional-reserve banking. Except to the extent that you're actually
only creating promises in return for promises.
--
Darren New / San Diego, CA, USA (PST)
"That's pretty. Where's that?"
"It's the Age of Channelwood."
"We should go there on vacation some time."
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