Partial selection.

For example, orthodox economics persists in propagating the idea that banks simply act as intermediaries between savers and investors. The video accurately describes how banks create money when they make loans. They mark up the loan recipients account by the amount of the loans and simultaneously create an asset of equal size on their balance sheet. Both the US Federal Reserve and the Bank of England have published guides[note]see Nichols, Dorothy, and Anne Marioe Gonczy. “Modern Money Mechanics : A Workbook on Bank Reserves and Deposit Expansion.” Federal Reserve Bank of Chicago, rev.1992 1961.[/note] to how this works. Former Fed Chairman Bernanke explained this on national tv in responding to how they had found  the money to  bail out Wall St after the 2008-9 crash. He said well you just do it via a keyboard.[note]here is a snippet from the 60 Minutes interview from October 10, 2009: https://youtu.be/hiCs_YHlKSI [/note] Somehow orthodox economists of the Paul Krugman variety cannot be bothered to learn how banking actually works.

The Waterworks of Money (part 1/2) is available now on YouTube. Part 2 on 6.28.2023 More about this project at WaterWorksOfMoney.com