Show Notes
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#creditcreation #commercialbankmoney #moneymultipliercritique #UKmonetarysystem #banklendingandhousing #WhereDoesMoneyComeFrom
Where Does Money Come From? is a nonfiction guide to the UK monetary and banking system by Josh Ryan-Collins, Tony Greenham, Richard Werner, and Andrew Jackson. Written in an accessible but policy-focused style, the book explains a question that is often misunderstood even by professionals: how new money is created in modern economies. Its central argument is that commercial banks, not just central banks or governments, create most money in circulation when they issue loans and expand credit. The book uses this idea to challenge standard textbook views of banking, to clarify the difference between central bank money and commercial bank money, and to show why these mechanisms matter for financial stability, housing markets, and broader economic policy. Because it is grounded in the UK system, the book is especially useful for readers who want a concrete institutional explanation rather than a purely abstract theory of money.