Here's a good old video on banking and money creation. Definitely worth seeing if you haven't already: https://youtu.be/jqvKjsIxT_8
-
-
Looks totally wrong. Banks don't lend reserves, not at all how banking works. See here http://www.economonitor.com/lrwray/2013/08/15/banks-dont-lend-reserves-who-knew-mmt-thats-who/ …
-
I don't recall in the video a claim that reserves are being lent rather than recycled deposits.
-
The last time I looked into MMT (a few years ago), I thought it sounded accurate, btw.
-
see about 14 minutes in discussing lending and reserves. Looks like the video isn't claiming that the reserves
-
are being lent out
-
I'll rewatch but vid used money multiplier story (banks lend part of each deposit, keeping some portion, then repeat)
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.