The MMT Podcast with Patricia Pino & Christian Reilly cover image

#126 Dirk Ehnts: How Banks Create Money

The MMT Podcast with Patricia Pino & Christian Reilly

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Why Do Commercial Banks Create All the Money?

i found myself right in the same explanation over and over again to various people. So i thought i'd write a proper piece, which you and phil armstrong have been generously helping me with. And i've called it saying banks create all the money is like saying, ticket master create all the biance tickets. It doesn't tell you the ultimate source of the flow of modern money. How do you address that story that's out there? Well, we have this monetary system in which we have two kinds of money. The first one is the central bank money, so deposits ated at the bank of england,. And then there's thee's bank deposits, o deposits created by commercial

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