BANKS MAKE MONEY OUT OF NOTHING! | Prof Richard Werner

THE BIG PICTURE INTERVIEW SERIES

Shot as apart of the documentary CBDC: The End of Money.

As part of the upcoming film CBDC: The End of Money, I interviewed renowned economist and professor Richard Werner.

Professor Werner is the father of the monetary policy concept of quantitative easing, the author of the best-selling book Princes of the Yen: Japan’s Central Bankers and the Transformation of the Economy, and the writer of an important paper on the actual operations of banks.

In this ten-minute interview, Professor Werner discusses his seminal banking paper, where he presents three theories on bank credit creation and argues through an empirical study that banks create money rather than simply channeling existing savings into loans.