How inflation works: why your money buys less every year
Where new money comes from: who really makes the money in your bank account
Most of the money you use was never printed, and nobody saved it first. It was made new, by someone most people would not guess, in a way that takes a few seconds.
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1
Miva sells out on every hot day. With a second freezer, she could make and sell more ice cream. The freezer costs $10,000, so she goes to her bank and asks for a loan.
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2
You might think the bank takes $10,000 that other people saved and hands it to Miva. Most people believe that. It is not how it works.
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