So much about the world is broken right now. The planet is boiling, inequality is skyrocketing, and government gridlock is more darkly comic than ever. The Hollywood industrial complex regurgitates old stories and makes them worse, while music execs play to the whims of the algorithms more than any sense of craft. It’s all just so depressing. How I’d Fix It is Mic’s series of solutions to society’s ills. Got a fix of your own in mind? Email [email protected] with your pitch, and be sure to include “How I’d Fix It” in the subject line.
Have you ever heard someone say that money isn’t real? Well, they’re right — but in a more literal sense than you might imagine. Nearly 90% of all money has no physical form. Banks are only required to hold 10% of their reserves in physical cash at any given time. The rest is just numbers on a screen — and most of that money is actually credit or debt.
