Fractional Reserve Banking Explained | Philipp Bagus | BIG PICTURE with James Patrick
This interview with Professor Philipp Bagus dissects the operations of Fractional Reserve Banking. Banks take deposits and lend them out and this causes inflation and economic dis-coordination. This is shot as apart of the documentary CDBC: The End of Money, which can be viewed at CBDCTheEndofMoney.com Sign up for the newsletter to hear about interviews like this: BigPicture.Watch/Newsletter Donate to the production of the film: https://bigpicture.watch/product/cbdc-the-end-of-money/
About Philipp Bagus
Philipp Bagus (born 1980) is a German economist and university lecturer. As a professor of economics, he teaches at the Rey Juan Carlos University in Madrid. He conducts research and publishes particularly on monetary policy and business cycle theory. Bagus is a Fellow of the Ludwig von Mises Institute, a member of the scientific advisory board of the Ludwig von Mises Institute Germany, and a member of the Friedrich A.
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