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Money creation in the modern economy - Quarterly Bulletin

Bank of England · explainer · Watch on YouTube

Macroeconomics & financial crises

What it is

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.

Why Hacker News recommends it

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.

  • 2 people recommended it
  • 2 different months
  • 0 strong recommendations
  • first 2016, last 2021

What HN commenters said

  1. “You can't miss the accompanying videos that they recorded down in the basement”

    Advanced Bank of England video accompanying the money creation paper.

    namelost, 2018-03 · Recommendation · in “Money creation in the modern economy (2014) [pdf]”

  2. “Some of the content is in this short video”

    Short video covering how central and retail banks create money.

    rahimnathwani, 2021-09 · Recommendation · in “Money creation in the modern economy (2014) [pdf]”

Excerpts from Hacker News comments, linked to the originals. Summaries and labels were written by a language model from those comments.

Topics: bank of england, fractional reserve banking, bank loans, deposits, monetary economics

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