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| Name | How Do Banks Create Money? A Walk-Through of Richard Werner's Papers |
| Video Uploader | Video From Werner Economics |
| Upload Date | This Video Uploaded At 02-08-2021 17:16:29 |
| Video Discription | In 2014, Prof. Richard Werner provided the first empirical evidence that banks create credit out of thin air... They do this whenever they issue a loan or, more specifically, purchase a promissory note. This is a walk-through of exactly how they do it. Note: In the example where the small business pays a supplier at another bank, it is possible, and likely, for banks to change the liability from 'small business' to 'bank B' instead of drawing down cash. 'The bank now owes the other bank £10M'. I apologise for the poor audio quality, I've ordered a new microphone for future videos. This video was a request by the Telegram community. If you'd like to request videos, subscribe and join us on Telegram. References Can banks individually create money out of nothing? — The theories and the empirical evidence: https://www.sciencedirect.com/science/article/pii/S1057521914001070 How do banks create money, and why can other firms not do the same?: https://www.sciencedirect.com/science/article/pii/S1057521914001434?via%3Dihub Prof. Richard A. Werner's Official Telegram Channel: https://t.me/WernerEconomics Prof. Richard Werner: https://professorwerner.org/ [3N7oD5zrBnc] |
| Category | Science & Technology |
| Tags | Science & Technology Download MP4 | Science & Technology Download MP3 | Science & Technology Download MP4 360p | Science & Technology Download MP4 480p | Science & Technology Download MP4 720p | Science & Technology Download MP4 1080p |
