Right here’s a brand new Three Minute Cash episode. We’re nonetheless cranking by way of some fundamentals, however this one wants reiterating as a result of the cash multiplier appears to be immortal. Concepts like “fractional reserve banking” and the Fed controlling the cash provide by way of reserve creation nonetheless run rampant in financial and monetary circles. This video goes into some element on the mechanics and why it’s incorrect to consider cash creation as beginning with the Federal Reserve and being “multiplied” throughout the economic system. I hope you take pleasure in it. When you’ve got subjects you’d like me to cowl sooner or later movies please let me know.
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