Tag Archives: fractional reserve lending

  • Blog
    Peak Prosperity

    Money Creation: The Fed – Crash Course Chapter 8

    Creating money out of thin air since 1913...
    by Adam Taggart

    Saturday, August 9, 2014, 12:49 AM

    48

    Chapter 8 of the Crash Course is now publicly available and ready for watching below.

    As a follow-on to the two previous chapters — one explaining the nature of fiat money, the other showing how money is loaned into existence through our fractional reserve banking system — this week's video details the Fed's near-magical ability to create money out of thin air (literally!).

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  • Blog
    Peak Prosperity

    Money Creation: Banks – Crash Course Chapter 7

    Get ready for your mind to be repelled
    by Adam Taggart

    Saturday, August 2, 2014, 1:14 AM

    5

    Chapter 7 of the Crash Course is now publicly available and ready for watching below.

    As a follow-on to the previous chapter explaining the nature of fiat money, this week's video details one of the two methods by which it is created: fractional reserve banking. As John Kenneth Galbraith famously stated "The process by which money is created is so simple the mind is repelled."

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