Very few people seem to understand how money is created [Richard Murphy]
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I keep hearing people complain that the ‘mainstream media’ does not understand economics and that we’re talked down to as if everything must be explained as if the economy is a household. In this thread I explain all you (and they) need to know. Economics in one thread then.... thread#showTweet" data-screenname="RichardJMurphy" data-tweet="1337737607762022400" dir="auto">Very few people seem to understand how money is created. Mainly that’s because when they’re told it seems so simple that they can’t believe something that’s so important that we’re willing to pay a lot to get it is created so easily. This thread explains how money is created. thread#showTweet" data-screenname="RichardJMurphy" data-tweet="1337737608953290761" dir="auto">What this thread also explains is that if we understand money we can completely reimagine how the economy really works, which is the pathway to rebuilding from the me...