r/education • u/bxdtxste • 20h ago
Research & Psychology Why are students taught so little about inflation, money creation, and currency debasement?
I’ve been thinking about how little most students learn about money itself.
We spend years studying economics, but how much do students actually learn about:
- how money is created through the banking system
- inflation and the loss of purchasing power
- currency debasement
- why hard assets can behave differently from cash
- how monetary policy affects wealth distribution
- the incentives created by different monetary systems
Keynesian economics is generally given much more attention in mainstream education, while Austrian economics and thinkers like Mises and Hayek often receive considerably less attention.
I’m not saying one school is automatically correct. It just seems strange that students aren't more explicitly exposed to competing frameworks for understanding something as fundamental as money.
There’s also an interesting historical question about how educational priorities become established in the first place. Large foundations, universities, governments, and wealthy philanthropists have all played roles in shaping American education over the past century. That influence doesn't necessarily imply anything sinister, but it makes me wonder how much of what we consider "standard" curriculum is simply the result of institutional priorities becoming entrenched over time.
Why don't we teach students more about competing theories of money and monetary policy, rather than giving them one dominant framework?
I think understanding how money actually works should be considered basic financial literacy.