Comment by gwgundersen

I’m happy to hear criticism and to learn from that, but I wrote this myself. Took quite a while.

Re: why, I don’t think most people understand the very basics of the global economy in mechanical terms, and this was my attempt to explain those mechanics. I wanted the various pieces of the system to be motivated by understandable problems, hence the fable-like story.

I now see some folks were triggered by this stylized approach. Which is a pity. I think the simple setup is worth the payoff. My explanation of money creation, for example, matches the Bank of England’s whitepaper, and I am especially pleased with how the idea of a reserve currency both develops naturally and rhymes with earlier ideas lower in the hierarchy.