Banks can create new fiat currency when they make a loan. New loans throughout the banking system generate new deposits elsewhere in the system. - Banking - 88banking · 5ea25904da088

Richard Werner:  Today’s Source of Money Creation

Richard Werner: Today’s Source of Money Creation

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The Monetary Institute's "Our Money, Our Banks, Our Country - Money Creation in the Modern Economy" conference was held in Zurich, Switzerland on February 5, 2018.

Professor Richard Werner, Chair in International Banking, University of Southampton, England provided this overview of how money is created in nations throughout the world and the impacts and consequences of the current system.

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