THE VIDEO SHELF · money creation
Money creation in the modern economy - Quarterly Bulletin
A short Bank of England video accompanying its 2014 Quarterly Bulletin article on money creation. It explains that most money is bank deposits and that commercial banks create new money by making loans, which simultaneously create matching deposits.
Why HN readers recommended it
HN people use it as an authoritative, plain-English source from a central bank that loans create deposits, rather than banks lending out saved money.
This is a summary from the source dataset, not an endorsement by Hacker News or the video creator.
Video & recommendation details
- Creator / channel
- Bank of England
- Topic
- money creation
- Format
- explainer
- Level
- intro
- HN recommenders in dataset
- 2
- HN mentions in dataset
- 7
- Recommendation years in dataset
- 2016–2021
These counts and years describe the included Hacker News records; they are not YouTube views or the video’s publication date.
From the original HN conversations
Excerpts from the recorded comments. Follow each source for the full comment and surrounding discussion.
You can't miss the accompanying videos that they recorded down in the basement: 1) [LINK] (beginner) 2) [VIDEO] (advanced)
namelost on Hacker News · 2018-03
In Money creation in the modern economy (2014) [pdf]Some of the content is in this short video: [VIDEO] Money is created by both the central bank and retail banks. When the Bank of England buys an asset, it pays in newly-created pounds. These pounds are an obligation of the central bank, i.e. a …
rahimnathwani on Hacker News · 2021-09
In Money creation in the modern economy (2014) [pdf]
Summaries, classifications and recommendation records are from the HackerTube source dataset. Read about this library and its limitations.