Where the money comes from …The Free Lunch


This is so fundamental to the world in which we live.. why isn’t it taught in our schools? 

The Free Lunch

Prof Richard Werner explains the fundamentally important process of money creation which is essential for economic growth in modern economies. He says that privately owned commercial banks create well over 90% of the money supply.   

“Banking extracts resources from the economy, through interest payments and the taxation needed to cover the debt burden of the government.”