Try this experiment: ask your family, friends and acquaintances to explain the following concepts:
quantitative easing
fractional reserve banking
monetary multipliers
the Cantillon effect
fiat currency
money velocity
objective properties of sound money
Guaranteed, over 99% of them will be at a loss for words.
Yet, our entire lives and society quite literally depend on them.
It is deeply disturbing that we have no grasp whatsoever of the machinery we sustain.




