Banks do more than just store money - they create money every time they issue loans. This ability to generate credit fuels economic growth, but it also creates dangerous financial cycles that can lead ...

The money multiplier theory is one of the biggest myths in economics. Many textbooks claim that banks lend out a fraction of deposits, multiplying money through fractional reserve banking. But modern ...

Private creation of dollars accelerated so sharply in early American history you'd think there would have been an ...

Are free bank accounts actually free? Free stuff is great, but it often comes with a catch. So are free bank accounts actually free, and if they are, how does the bank make money? What is a “free” ...