I know the answer; it's because being able to issue unlimited money, diluting the public's savings and salaries and then collecting interest on it benefits certain powerful people in a risk-free manner. That's not the answer which an economics professor would give me though. They are not trained to use their analysis skills so much as providing canned explanations. These economics professors have to pay their bills too and their paychecks come from the people earning interest on the big loans... The paychecks of economists literally come from this system that they're suppose to analyze in an unbiased way. Not going to happen.

Damn it can someone please just give me free money so I don't have to participate in this system and don't have to think about it every day? Maybe if I could also benefit from it without having to work, it would be easier to just let it be. It's exhausting to get screwed every day and knowing exactly how I'm being screwed and yet having no power to do anything about it except whining online to random people hoping desperately that the system will improve just enough that I can get the tiniest opportunity. I've been working on side hustles for 10 years straight but I've never had the social connections to get traction regardless of how good the product is or how much users love it.

This is a very good Dunning-Kruger effect example. You aren't being screwed, you are swimming in water you can't see.

It's not about information. It's about social connections; that's how you get opportunities. Information and intelligence is worthless and a pretext.

If I befriend Elon Musk and he makes one tweet about any of my existing projects, I'll be a millionaire within a year. 100% guaranteed. I wouldn't have to change anything or know anything more. Then I would have impostor syndrome instead.

It's easy to claim that anyone who receives help and has it easy 'suffers' from impostor syndrome and anyone who doesn't receive any help suffers from Dunning-Kruger effect. I know how this works. Only those who really struggled can see all sides; that's because nobody tries to hide anything from you; there is no incentive to.

You're wrong about whether fractional reserve banking is broadly good for people living in developed economies - it is - but you're unlikely to be talked out of this conspiracy kick you're on, so :shrug:. All the best to you!

Well it's not good for me and I'm merely a typical product of this system. The system will make plenty more of me. I was totally alone a few years ago, now I look like a moderate. Unfortunately, future contrarians may not be as curious, tolerant and understanding as me so they will probably end up blaming capitalism as a whole and demand communism... China will swoop in and 'liberate' the people. When this happen, I will be shrugging my shoulders in complete apathy due to moral exhaustion.

If intelligent people cannot separate the monetary system from capitalism, the average person won't either.

It is good for you. The fact that there is a thriving economy, that there are lots of businesses to work for, that you can start a business if you want to and get money from a bank to do so, this is all very good for you.

But sure, keep wishing we could go back to feudalism or whatever, great plan!