I recently read a very interesting article by Vicki Robin where she reiterates facts I’m learning in B-School:

Few of us realize that our money is no longer backed by anything real – not by gold, not by land, not by heads of cattle. Nor do we realize that the government doesn’t create and control money. Money comes into being when banks make new loans. This isn’t money that existed in savings accounts – it comes into existence as a line of credit that must be paid off with interest. Fully ninety-five percent of money is based on interest-bearing bank loans.