Frankly, a better understanding can be obtained from Understanding Modern Money by Randall Wray. That book contains some policy prescriptions that you may or m

Frankly, a better understanding can be obtained from Understanding Modern Money by Randall Wray. That book contains some policy prescriptions that you may or may not like, but regardless of that, it contains (a) a solid history of the development of money that is based more on actual history and sociology, rather than made-up stories, and (b) a solid and relatively plainly written introduction of how modern fiat money systems actually operate, without all the weaseling of terms you read elsewhere (e.g. "banks parking money in the central bank" is a pet peeve of mine).