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Thread: Money Creation in the Modern Economy

  1. #1

    Money Creation in the Modern Economy

    Money Creation in the Modern Economy (link)

    In the modern economy, most money takes the form of bank deposits. But how those bank deposits are created is often misunderstood: the principal way is through commercial banks making loans. Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower's bank account, thereby creating new money.

  2. #2
    Senior Member
    Join Date
    Apr 2015
    I had the radio on when this guy came on. Wasn't sure if I heard it right so I went to the bank's website.

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    Last edited by lorne; 09-07-19 at 03:00 PM.

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