S1E94 - “Banks are HIDING something from us” Top Economist Warns
Published: December 7, 2025
Duration: 10:27
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Banks don’t “lend out” your deposits, they create money when they lend.
In this video, Steve Keen dissects the classcial economist's fractional-reserve story, responds to critics, and uses Ravel to show why the classic money-multiplier only “works” if loans are made in cash. Once...