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    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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