I just realized that one day im going to have to somehow explain to my children that I grew up in a world where we let a BANK micromanage our entire economy. We let a BANK use 100 year old crack-pot theories to justify interest rate manipulation and unrestricted currency creation without oversight.
Then they are going to ask me what a bank is. And im going to have to try to explain to them that a bank was an organization of people we trusted to safe guard our money. Then they are going to ask why we needed someone else to safe guard our money and im going to have to explain to them that our money was made of pieces of paper. Then they are going to ask me why did you let a small organization of people have complete control over the entire economy and monetary system, and then allow them to play with the economy as if it were a toy and as if they were somehow all powerful wizards with magic spells trying to manipulate peoples economic decisions based on "animal spirits".
Then they are going to ask me didnt anyone see a problem with this. And im going to have to tell them nope the entire global population were so clueless they didnt even question what money was.
I have no idea how future generations are even going to be able to comprehend the absolute stupidity of the monetary system we use today.
submitted by /u/slvbtc
[link] [comments]
Source and link to Reddit topic: Try explaining this…
Author: Reddit.com
Leave a Reply