How Commercial Banks Create Money by Making Loans
Bank of England · Explainer · 5 min · 2014 · YouTube title: Money creation in the modern economy - Quarterly Bulletin
Why it's here
HN people use it as an authoritative, plain-English source from a central bank that loans create deposits, rather than banks lending out saved money.
What it covers
A short Bank of England video accompanying its 2014 Quarterly Bulletin article on money creation. It explains that most money is bank deposits and that commercial banks create new money by making loans, which simultaneously create matching deposits.