How Private Banks Can Create Money, But Not Like the Fed Can
Bob explains the mechanics of modern banking and how liabilities and assets on bank balance sheets differ from popular assumptions. He shows how interest rates and central bank policy shape lending and deposit behavior, and why private companies move money differently than commercial banks. Bob also critiques the perspectives of Richard Werner, Steve Keen, and George Selgin, showing where their explanations align or fall short. Bob's Infineo Article, "A Biz vs. a Bank vs. the Fed": https://Mises.org/HAP513a The Charts Used in this Episode: https://Mises.org/HAP513b The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century Get your free copy at https://Mises.org/HAPodFree Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org. X ► https://x.com/mises/ Facebook ► / mises.institute Instagram ► / misesinstitute SoundCloud ► / misesmedia Apple Podcasts ► https://podcasts.apple.com/us/artist/... Rumble ► https://rumble.com/c/c-2212754 Odysee ► https://odysee.com/@mises/ Podcasts ► https://mises.org/podcasts
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