{"id":52421,"date":"2020-08-26T06:22:32","date_gmt":"2020-08-26T05:22:32","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=52421"},"modified":"2020-08-26T06:22:32","modified_gmt":"2020-08-26T05:22:32","slug":"how-do-banks-create-money","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2020\/08\/26\/how-do-banks-create-money\/","title":{"rendered":"How do banks create money?"},"content":{"rendered":"<p>Modern monetary theory highlights the important role of the government in creating money when it spends. That process makes sure our money has value. But it\u2019s not alone in creating money: banks can do it too. This video explores the implications of that.<\/p>\n<p><iframe loading=\"lazy\" title=\"How do banks create money? As discussed by Richard Murphy\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/s38iSjLKeiI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Modern monetary theory highlights the important role of the government in creating money when it spends. That process makes sure our money has value. But<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2020\/08\/26\/how-do-banks-create-money\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,174,194],"tags":[],"class_list":["post-52421","post","type-post","status-publish","format-standard","hentry","category-economics","category-modern-monetary-theory","category-youtube"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/52421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=52421"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/52421\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=52421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=52421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=52421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}