Slo Mo: A Podcast with Mo Gawdat cover image

Yanis Varoufakis - What Does a Fair and Equal Society Actually Look Like?

Slo Mo: A Podcast with Mo Gawdat

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Banks Create Money on Demand

Banks used to be worried that i may not be able to repay you. But they overcame that fear because they found a way of not caring about whete ther lie here. They chop up all the debts that you've given out and sell them in little pieces. The capacity to create those those boxes, is equivalent of spending money. And the banks could do it. So imagine if this is happening for ten years,. these boxes of different kinds of dect containing different bits of det have been going up and up and up ennot everybody wants it. Now ive have word to say to you. Look, there's this is this piece of paper. What it is. You don

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