The Rational Ape

ON MONEY PART 2: How Money is Created

August 9, 2017

Ask people to explain the process of how money is created, you’ll be surprised to the degree to which very few really understands how money is created.
In this 2nd installment of INPOTM Money series, I will explain how money is created in modern economies and discuss what I think are the possible flaws of this system.