11min chapter

The Blockchain Socialist cover image

Seeing crypto for what it is and how to live with contradiction with Brett Scott

The Blockchain Socialist

CHAPTER

The Role of Retail Banks in Money Creation and Economic Activity

This chapter explores the role of retail banks in creating credit and adding money to the economy. It discusses the constant creation and destruction of money through loan repayments and tax payments, as well as the banking sector's role in mobilizing resources and enabling economic activity.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode