Thursday, November 17, 2011


I've gotten some email from readers wondering why I've been dishing on the banks.  After a recent personal conversation, I've realized that most people don't have any idea how our monetary system works.  Accordingly, I will be posting on the subject of money, banking, and the economic situation in which we find ourselves.  For a start, readers need to understand a bit of history about our money.   This is a very good little video about the history of American money.  (Caveat: at the end of part 2, there's a bit about what prices would be which is misleading because he assumes that wages would stay the same--ignore that part)

By the end of this video, if you aren't thoroughly confused about how our economy got where it is, you weren't paying attention.

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