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What I've learned!

D DavidB · 4 months ago · 1 reply · 378

I've gathered a lot since joining. I used to imagine money just sitting in a bank account like cash in a vault but learning how the monetary system actually works was eye-opening for me.

I learned that most money today is digital, not physical. Banks don’t just store money; when they issue loans, they effectively create new money within a regulated system. That changed how I see things big time.

I used money and currency interchangeably and incorrectly. They are not the same. It feels like discovering the hidden mechanics of something I use every day. Thank you! 😄

1 reply
MoneyMan · 3 months ago

Wow, not sure how I missed this. This is good stuff, glad you got something out of here. 🙂

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