HackerTube / Video
Money creation in the modern economy - Quarterly Bulletin
Bank of England
A short Bank of England video accompanying its 2014 Quarterly Bulletin article on money creation. It explains that most money is bank deposits and that commercial banks create new money by making loans, which simultaneously create matching deposits.
HN people use it as an authoritative, plain-English source from a central bank that loans create deposits, rather than banks lending out saved money.
7 Hacker News mentions · 2016–2021