Kurzgesagt – In a Nutshell

Banking Explained — Money and Credit (2015x3)

Air date: Mar 12, 2015

Banks are a riddle wrapped up in an enigma. We all kind of know that they do stuff with money we don’t understand, while the last crisis left a feeling of deep mistrust and confusion. We try to shed a bit of light onto the banking system. Why were banks invented, why did they cause the last crisis and are there alternatives?