How Is Money Created? | Understanding Fiat Currency

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This video is from the series Macroeconomics Made Clear, presented by Akila Weerapana

00:00 Currency in Ancient Civilizations
03:50 Three Main Functions of Money
06:20 The Origin of Paper Currency
09:27 What Is Liquidity?

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[oldskeptic]

... first part of this video sound like describing water to a drowning man...

[dwaindibley]

You are not transacting in money when you use electronic conveyances, you are transacting in claims to money. Banks crediting and debiting user accounts (bank liabilities) in the amounts is not a form of money recognized in law anywhere.

[ShadowWizard]

I been staying mackereled up for years now

[benardpatrick]

The Collapse of these banks has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping $480k stock portfolio, what’s the best way to take advantage of this bear market?

[wayando]

Money is created by printing it ... End of story.

[muhammaDEsmustafa]

Money can not be created out of thin air, money is commodity, can you create a chair out of thin air?
Currency is a different story, it can be either backed by money, or fiat, in which case you can create it out of thin air.

[TheBillythepoet]

"How money is made worthless" would be more appropriate

[SandhillCrane]

So it's all a scam and there ain't no gold. Aw well...

[kellychristus]

"The gold standard died out in 1933."

According to the Congressional Debates from March 4 1933 to March 9 1933, the USA's outstanding international debt was more than the gold that government held in reserve, and that the new banking and economic system that was being established with the Emergency Banking Act was to represent a mortgage on all the homes and other property of all Americans and that the new Federal Reserve Note would be worth 100 cents on the dollar; so FDR's Executive Order that confiscated all the gold and silver of the citizenry was a redistribution of wealth from the private sector into the public sector in order to figure out the total wealth of the nation for international solvency.

I find the professor's statement dishonest.