The Mystery of Financial Understanding

Understanding how financial systems function is often elusive for many individuals, akin to a child's confusion over the mechanics of nail clippers. Despite possessing basic knowledge, people may struggle with the complexities of monetary creation, particularly the role of banks in issuing loans and creating money. Most individuals accept simplified narratives propagated by financial institutions, which can lead to misconceptions about how the economy operates. This lack of understanding is problematic when those in control of the economy lack essential knowledge of these systems, as seen through various financial crises throughout history.