This is a very clear, non-technical explanation of how money works in a fractional-reserve banking system.

To quote a famous philosopher (or Ron White):

“You can’t fix stupid”

Barry Schwartz illustrates this point in a poignant video:

Have you wondered what this whole “credit crisis” is about?

There are a lot of buzzwords that have been used, but not a lot of real, down-to-earth explanation of how it works.

This breaks it down for you:

Props to Kraig Ward to turning me on to this.