35 Inventions That Were Meant to Help Society But Turned Out to Be Absolutely Terrible

I don’t know about you guys, but I understood about a quarter of this next one. If you don’t know what this person is talking about either, let me save you the hassle of Googling. Fractional reserve banking means that banks only have cash to back a portion of their deposit liabilities.

And a fiat currency means a currency that’s backed by a government, not tied to a commodity, like gold. Do you understand now? Good, me neither. But I do know those two things are common practice across the world, and things usually seem to bump along without too much catastrophe. So maybe it’s actually fine.