r3drun3 on Nostr: Try this experiment: ask your family, friends and acquaintances to explain the ...

Try this experiment: ask your family, friends and acquaintances to explain the following concepts:

quantitative easing

fractional reserve banking

monetary multipliers

the Cantillon effect

fiat currency

money velocity

objective properties of sound money

Guaranteed, over 99% of them will be at a loss for words.
Yet, our entire lives and society quite literally depend on them.
It is deeply disturbing that we have no grasp whatsoever of the machinery we sustain.