In this episode I pivot off of the news that came out yesterday about President Trump’s taxes, and specifically the $300 million of debt that he has, and use that to explore the idea of debt and its role in our monetary system. I go into detail about fractional reserve banking, and how crucial it is to understanding the other financial reality in our society (the one for the wealthy), as well as explore the seminal document behind fractional reserve banking, Modern Money Mechanics..