Banks Create Money — And That Changes Everything | Richard Werner

Donate:🙏 https://www.buymeacoffee.com/slobodnipoI Richard Werner challenges the textbook story about money. Governments don’t “print” most of it — and central banks create only a tiny share. Werner argues that commercial banks create the bulk of the money supply when they issue loans, because deposits are generated as a byproduct of lending. He warns that this matters for today’s politics: if deposits are tied to the banking system’s credit machinery, you can’t simply “tap savings” to fund big projects without risking instability. Werner also claims central banks increasingly steer credit toward consumption and asset speculation (real estate, financial markets) instead of productive investment — fueling inflation, a Ponzi-like illusion of prosperity, and pressure on the middle class. His alternative: a decentralized banking model with many local banks financing local SMEs — growth for real people, not just asset bubbles. WEB: https://slobodnipodcast.hr/2026/01/05/europa-novac-i-rat-sto-nam-richard-werner-zapravo-govori/ FULL epizode: https://www.youtube.com/playlist?list=PLJTy3oXCzHShsVuJ-zfiGnx96nuR-BNWB