...it's not as stupid a question as you might think! I was initially quite surprised to hear money referred to as 'debt', and that it is created almost entirely by private banking corporations. This great film, Money as Debt, does a great job of explaining how money is actually made, and how that's a massive problem for us. A few highlights: Only ~3% of all the money in circulation was created by governments, 97% is actually loans issued by private banks. Banks don't lend money, i.e. from deposits, they create new money equal to the amount we promise to pay them. They are empowered to do this by law. Not enough money exists to pay back all of the loans plus the interest; we have to keep borrowing more money in order to service the existing debt. If we all repaid our loans (technically impossible), there would be no money. If that makes me sound a bit off my rocker then, I'm sorry, it's difficult to talk about the banking system without coming off as a little nuts. Especially when we consider that our governments can actually create all the money that they need (providing they're respectful of inflation) but choose to create it as debt, at interest, by taking loans from banks. After watching the video (or perhaps you already know how money is created in our current system), how do you feel about our system of private banks and debt-based money? Do you, like I, feel the need for monetary reform?