Kevin Carson
@neonsnake @C4SS Shit, I read a college textbook on banking and finance that said banks "aggregated savings" to provide investment capital, and this was a fucking ECONOMIST pretending they don't just create money and credit.
Mar 16 at 8:43pmWeb
Show threadDaniel LakelandMar 16

@KevinCarson1 @neonsnake @C4SS

Greg Mankiw's Macroeconomics textbook still teaches the fractional reserve and "money multiplier" myth. Like seriously?

Show threadCorvid CroneMar 16

@KevinCarson1 @neonsnake @C4SS

I just had a sudden memory of sitting in high school economics class thinking, "this...this just seems like a big scam..."

Took years to unlearn thinking I wasn't smart enough to understand economics.

Show threadViolet MadderMar 16

@CorvidCrone @KevinCarson1 @neonsnake @C4SS

Not just a scam. Death cult.

Show thread[email protected]Mar 17
@CorvidCrone @KevinCarson1 @neonsnake @C4SS Also learning to write fiction appears to have been the best way to comprehend economics