Sunday 9 December 2012

Banking 101



A series of videos put out by Positive Money attempting to show some of the general misconceptions about the banking system.
There's a lot of confusion about how banks work and where money comes from. Very few members of the public really understand it. Economics graduates have a slightly better idea, but many university economics courses still teach a model of banking that hasn't applied to the real world for decades. The worrying thing is that many policy makers and economist still work on this outdated model.
Part 2 is already up here and more parts are to follow...

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