#136 overall
Banking and Money
Khan Academy
4 recommenders · 4 threads · recommended in 3 years, 2012–2019 · score 3.2
A free Khan Academy unit on money and banking covering how money is defined, how banks create money through lending, and how central banks and monetary policy work, with a related currency tutorial on central bank Treasury holdings.
Commenters call it a clear, illuminating explanation of how banks create money and what is going on with currency and Treasury holdings, and recommend it as an alternative to a controversial MMT video.
Business, Finance & Economicsbeginnerfreevideo lectures#banking#money supply#monetary policy#central banks#macroeconomics#khan academy
Recommendations by year
20062026
It should be mentioned that the video presents a fringe theory (MMT) that is highly controversial among economists. I would recommend the Khan Academy series on banking and money as an alternative, even though it is longer than an hour: https://www.khanacademy.org/economics-finance-domain/core-fi...
Banks do create money by lending. You should be able to educate yourself on this by a quick Google of the question "do banks create money". If you want to dive deeper in this fascinating topic, I can recommend Khan Academy: https://www.khanacademy.org/economics-finance-domain/core-fi...
Let's also not forget why China owns so much U.S. debt. This is the result of many years of amassing U.S. dollars in order to peg the Chinese yuan, in violation of International law. Since spending those dollars on real goods or services would allow their currency to float freely relative to the dollar, they used them to buy treasuries. I would highly recommend watching https://www.khanacademy.org/science/core-finance/money-and-b... for a good explanation of what is going on.
The point of this currency manipulation was to artificially keep Chinese goods cheap for export. This is why we have a perpetual trade imbalance with China. This has hurt U.S. manufacturers and cost untold numbers of American jobs.
It's silly to think that we owe China any favors for manipulating their currency for their own advantage and our detriment, and bringing it into this debate to try to make China seem like some poor victim is really, really reaching.
Check out Khan's lectures on banking. they're very illuminating.