Today I shall endeavor to write a little bit about banking and interesting peculiarities of it which I came to overstand recently.
It is disappointing to see so much bickering on the television and misleading posts in bizarre websites which blandly twist presumed facts and inform us nothing about the fundamentals. So, this is an attempt based on classical sound economic principles, which are easy to understand and difficult to apply, since they are not meant to be always universally applicable and tackle all real-world scenarios. Rather, they are meant only to guide you with their invisible hand while you wander alone in the darkness.
We use money all day, but we rarely question the bluff history of paper