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What Mary Poppins Teaches Us About How Banks Really Work

There is a short, almost playful scene in the Mary Poppins movie that explains more about the modern banking system than most economics textbooks ever will.

Mary Poppins takes little Michael Banks to the bank where his father works. It is meant to be a lesson in responsibility. A lesson in prudence. A lesson in being “good with money”.

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Money Is Not Just Money

Money can feel like a big, unsolvable mystery.

It’s everywhere. It’s flowing or stuck. We love it, hate it, chase it, fear it. We say it doesn’t matter, but then why does it shape so much of our lives?

Most of us never really got a chance to understand money. Like truly understand it. Inflation, interest rates, housing bubbles, what the Fed or the European Central Bank are doing, Bitcoin, recessions - what does any of that mean, really? And how does it affect your day-to-day life? Honestly… most of us are just nodding along in confusion.

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