You are viewing a single comment's thread from:
RE: How I'm becoming a Steemit Evangelist at a time Steemit is becoming viral [Original Content | Reading time: 10m]
Great post @brunopro
Always love to counter the argument 'but isn't the money made out of thin air' with the concept of the federal reserve. They've been printing the world's money out of thin air for the last 60 years... People have no idea how our financial system works!
indeed, ignorance is a blessing for any country / state....
We've been printing money for ~150 years. It was commodity money then.
Since 73' (Nixon Shock), we've been printing fiat money.
The way the system works is so shockingly ridiculous that I never bother trying to explain it. I just direct people to this video: