Money is Debt

Wow, I new I was somewhat naive about money, but I didn't realize HOW naive. I kind of assumed there was a fixed amount of money that the federal reserve occasionally increased. But I had no idea that this only represented something like 5% of the "money" in circulation ---and that banks actually can produce money (at a ratio in the US of 9x the amount they loan e.g. "fractional reserve") Which blew another naive assumption I had about banks loaning based on their assets.

This video was VERY educational. It's a shame this isn't taught in school. It explains a lot of things but man does it make a person think. Especially how economy is related to our plundering of resources and whether it could be different without these drivers.