3 ms·
Look, we can mostly all understand what real government issued money is Not really, the vast majority of people have no real idea of how it works, beyond the s
by icebraining 8y ago
Look, we can mostly all understand what real government issued money is
Not really, the vast majority of people have no real idea of how it works, beyond the simple cash transfer. In fact, the term "government issued money" is evidence of that - almost all money is created by commercial banks, not government.
We know money in the same way that people in ancient times knew the Sun - its workings are just regular enough that we can predict its effects on our lives tomorrow, without having to actually understand nuclear fusion or radiation.