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How banks create money

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Richard J Murphy

The process of creating money is so hideously simple that most people find it very hard to
believe. They also find it very hard to understand that vast quantities of money is destroyed
every year. This really does need to be appreciated if the economy is to be understood.

ABOUT RICHARD MURPHY
Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax’.

This video was edited by Thomas Murphy.

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INTRODUCTION:    • Welcome to my channel  Richard J Mur...  

PLAYLISTS:
Accountancy:    • Accounting  
Economics:    • Economics  
Tax:    • Tax  
Taxing Wealth Report:    • Taxing Wealth Report 2024  
Green New Deal:    • Green New Deal  
Money:    • Money  
Questions from subscribers:    • Questions  
Miscellaneous:    • Miscellaneous  

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