unknown on Nostr: My 14 year old son who is learning economics at school refuses to believe that money ...
My 14 year old son who is learning economics at school refuses to believe that money is printed out of thin air. I’ve explained fractional reserve banking and he keeps saying, “but the loan is paid off in the end”. He doesn’t get that as soon as the money is lent out it’s double spent. This is what we’re dealing with. Economics taught by people who don’t understand what money is teaching a new generation of people who are not going to understand what money is.
Published at
2025-06-07 15:23:47 UTCEvent JSON
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"content": "My 14 year old son who is learning economics at school refuses to believe that money is printed out of thin air. I’ve explained fractional reserve banking and he keeps saying, “but the loan is paid off in the end”. He doesn’t get that as soon as the money is lent out it’s double spent. This is what we’re dealing with. Economics taught by people who don’t understand what money is teaching a new generation of people who are not going to understand what money is. ",
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