A Gross Oversimplification of Monetary Theory Through Hypothetical Monetary Systems
Monetary theory: everyone’s favorite dinner topic? Probably not. Monetary theory can seem complicated to a non-economist, and even when it is understood by parties over dinner, it is likely to fall into the two most forbidden categories of conversation: religion and politics. I realize writing this that I am probably a terrible dinner party guest, an incorrigible lunch time acquaintance, and a downright nuisance at family functions, because religion and politics is the only thing I really prefer to talk about. Well, from my perspective it’s philosophy and truth, and I consider politics merely the game of sociopaths and the…