![Pay Me In Coffee Podcast artwork](https://is1-ssl.mzstatic.com/image/thumb/Podcasts113/v4/ce/3c/3d/ce3c3d7a-1038-db19-47a2-b3aa7c5c6cf2/mza_18154256942939165627.jpg/100x100bb.jpg)
EP2: How Banks Create Money
Pay Me In Coffee Podcast
English - June 22, 2020 03:00 - 15 minutes - 7.74 MBInvesting Business Education Self-Improvement investing money management personal finance self-improvement gold stocks money Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: EP1: What is Money?
Next Episode: EP3: What Do Central Banks Actually Do?
Banks are the largest creators of money in the economy - it stands to reason then that we should understand how they are able to create money.
In this episode, I discuss how bankers create money at the stroke of a pen, how we destroy money when we pay back debt, and what limits banks from creating infinite amounts of money for the fun of it.
Useful Links:
Bank of England: Money Creation in a Modern Economy