Preview 2: What is Money? Episode 1

Jan 3, 2022 · 3m 52s
Preview 2: What is Money? Episode 1
Description

Visit our Patreon to access this podcast & other videos: https://www.patreon.com/cooponomics The purpose of this episode is to describe the basic process of money creation in a "fractional reserve" banking...

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Visit our Patreon to access this podcast & other videos: https://www.patreon.com/cooponomics

The purpose of this episode is to describe the basic process of money creation in a "fractional reserve" banking system. The approach taken illustrates the changes in bank balance sheets that occur when deposits in banks change as a result of monetary action by the Federal Reserve System - the central bank of the United States. The relationships shown are based on simplifying assumptions.
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Author Tanen Andrews
Organization Tanen Andrews
Website -
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