Money Creation: Who Cares?
I discuss why so few people understand money creation, and why it's vital to correct this unfortunate, widespread ignorance.
Almost everyone misunderstands money creation - including regular citizens, teachers, journalists, politicians, and even professional economists.
I offer my hypothesis as to why this is so: It is not that the money creation process is complex, but instead because it is so simple that, as J.K. Galbraith wrote, “the mind is repelled.” Thus the barrier to understanding money creation is not primarily intellectual but psychological!
I did not include a transcript with this re-broadcast because I plan to publish a three-part essay covering this topic soon.
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Reminder: Due to the pace of my presentation, you can get it all at 1.25 speed.
Thanks
HardmoneyJim
I never knew this!