Sunday, December 7, 2008

Malice disguised as misfortune

If everyone in a country uses the same medium of trade–like the “dollar,” for example–and you have the ability to mess with it, THEN, and only then, do you have the ability to kill an entire economy without 99% of your victims having the slightest idea how you did it. In fact, they won’t even know THAT you did it, or that anyone did it. Being unable to understand it, they are likely to assume that it’s just some weird, complicated, naturally-occurring phenomenon. And why is that? Because most Americans, including most college graduates, know dang near NOTHING about money and currency, debt and banking. Is that because it’s too complex? Hardly.

A nice refresher course on basic economics.

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