It’s insanely complicated.  I have taken an interest in economics recently (2020) by virtue of the Bitcoin lens, like so many others.  The language itself takes months to learn and the mechanisms of fiat are ridiculously convoluted.  Thank god for folks like Lyn for actually being able to tease out meaning in an objective manner.  

I have come along far enough now to realize many things about this dominate paradigm of economic complexity, like maybe it’s complex for the fundamental reason it makes no sense.  

Bitcoin fixes this, replacing economics as we know it with sanity. 

 Peter Gabriel