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Why do people get so freaked out when they learn how money is created?
Money is created by the process of bank lending. Seems every child should learn that in school, but few people do. And when they learn it they totally freak out and act like it's some kind of conspiracy-scandal and they start hoarding beans and batteries in their closet. Why is that?
5 Answers
- megLv 71 decade agoFavorite Answer
I have known it for a long time, and even in principle approve of the system, but it still freaks me out to know that most of what I have saved can be taken from me by the actions of the fed, and there is no way I can control them. It is much the same feeling I get when some actions by people on wall street may cause me to loose my job.
- 1 decade ago
Because being brought into the light that our economy is run by the powers of voodoo is a shocking experience, and the eyes generally burn and run for awhile and the initial response is to panic.
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