Have you wondered if big banks are bad & what kind of benefits do they bring to the society? Economics Professor Richard Werner breaks down the problems of the financial sector & how banks artificially create money!
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Prof. Richard Werner is know for proposing the term Quantitative Easing, which describes the process of central banks buying large amounts of assets in order to support prices and inject liquidity. He also worked on the "Quantity Theory of Credit", which dis-aggregates credit creation used for financial transactions. In this economy talk, Prof. Richard Werner elaborates on the problem of big banks. The financial assets concentration leads to productivity gaps and artificial money creation.
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The video is part of a talk produced by: https://www.rt.com/uk/

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How do you think the big banks problem can be solved?
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