How Private Banks Can Create Money, But Not Like the Fed Can
Update: 2025-08-15
Description
Bob explains the mechanics of modern banking and how liabilities and assets on bank balance sheets differ from popular assumptions. He shows how interest rates and central bank policy shape lending and deposit behavior, and why private companies move money differently than commercial banks. Bob also critiques the perspectives of Richard Werner, Steve Keen, and George Selgin, showing where their explanations align or fall short.
- Bob's Infineo Article, "A Biz vs. a Bank vs. the Fed": Mises.org/HAP513a
- The Charts Used in this Episode: Mises.org/HAP513b
The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century Get your free copy at Mises.org/HAPodFree
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
