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How is Money Created? – Everything You Need to Know

A 30-minute video by ColdFusion about economics and money, on the Economics shelf. It was posted to r/explainlikeimfive as “eli5: I recently learned that banks create money out of thin air when they loan it put (they don't "transfer" it from other people's deposits). If this is the case, why should the banks even care if you pay the loan amount back fully?”.

ColdFusion, Video, 30 min, 2020, on the Economics shelf

Explains how commercial banks create money through lending and the role of central banks.