This was because of a special American commitment to the seeming magic of money creation and its presumptively wondrous economic effects. T - John Kenneth Galbraith

The threat to men of great dignity, privilege and pretense is
not from the radicals they revile; it is from accepting their own myth.
Exposure to reality remains the nemesis of the great — a little understood
thing.

The process by which money is created is so simply that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent.

The process by which wants are now synthesized is a potential source of economic instability. Production and therewith employment and social security are dependent on an inherently unstable process of consumer debt creation. This may one day falter.