Bank loans create bank deposits

It’s not true that bank savings fund bank loans. The economic truth is that bank loans create the deposits in bank savings accounts.

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The Economic Truths Series:

1. An introduction to the economic truths series
   • An introduction to the economic truth...  

2. You’ve got no money in the bank
   • You’ve got no money in the bank  

3. Banks don’t loan out depositor’s money
   • Banks don’t loan out depositor’s money  

4. Bank loans create bank deposits
   • Bank loans create bank deposits  

ABOUT RICHARD MURPHY
Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax’.

This video was edited by Thomas Murphy.

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