Banks are the largest creators of money in the economy - it stands to reason then that we should understand how they are able to create money.

In this episode, I discuss how bankers create money at the stroke of a pen, how we destroy money when we pay back debt, and what limits banks from creating infinite amounts of money for the fun of it.

Useful Links:
Bank of England: Money Creation in a Modern Economy

Understanding money is at the heart of any good wealth-building strategy - after all, how can you attempt to obtain more money if you don't first understand exactly how that money is created and moves around?

In this debut episode, I discuss what the characteristics of money are, how it came about, and ultimately what it means for each and every person who uses it on a daily basis.

If you've ever wondered how to put a value on the money you use, then this is the episode for you. It also builds the foundation for later episodes where I plan to discuss how central banks create and control money.

Feel free to reach out to me with any questions or comments you might have:

Twitter: @JonoDelport
Instagram: @JonoDelport

Useful Links:
https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-in-the-modern-economy-an-introduction