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How the Fed's "Money Printer" Really Works

Ben Felix · explainer · Watch on YouTube

Macroeconomics & financial crisesInvesting & personal finance

What it is

Ben Felix explains how central bank money creation and quantitative easing actually work, and what they do and do not imply for asset prices and currency. He addresses the common belief that the Fed prints unlimited money and props up markets.

Why Hacker News recommends it

HN users point to it to correct the 'money printer go brrr' view and as a clear explanation of how banks create money through loans.

  • 2 people recommended it
  • 3 different months
  • 1 strong recommendations
  • first 2020, last 2024

What HN commenters said

  1. “Highly recommend this video to understand and this channel in general”

    Explains modern banking without fractional reserve lending

    italicbold, 2020-08 · Strong recommendation · in “Banks create money, but it's less impressive than it sounds”

  2. “just released a video explaining why this is completely wrong”

    Debunks the idea that the Fed prints money without restraint

    throw0101a, 2020-08 · Recommendation · in “Ask HN: I have $450K cash, what should I do to maximize my return?”

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

Topics: federal reserve, quantitative easing, money supply, bank lending, monetary policy

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