3.6. Banks and their Credit

Episode 36 of the An Essay on Economic Theory podcast, hosted by Richard Cantillon, titled "3.6. Banks and their Credit" was published on December 1, 2014.

December 1, 2014 · An Essay on Economic Theory

0:00 / 0:00

Episode Description

Fractional-reserve banking is a system where the banks lend some of their deposits and earn interest. This increases the amount of money in circulation compared to warehouse or 100% reserve banking. This utility of banking comes at the risk of being unable to withdraw your deposits. The amount that can be lent into circulation depends on the type of bank and the needs of the depositors. There are goldsmith-bankers, the typical banker who issues banknotes, and the national bank.

From Part 3: International Trade and Business Cycles. Narrated by Millian Quinteros.

Share this episode

Similar Episodes

Apr 13, 2026 ·27m

Apr 13, 2026 ·23m

Apr 13, 2026 ·17m

Apr 13, 2026 ·18m

Apr 13, 2026 ·14m

Apr 13, 2026 ·22m

Similar Podcasts

Mental Efficiency Arnold Bennett In this light-hearted yet thought-provoking collection of articles, Bennett offers his thoughts on exercising the mind, organising your life, the advantages (and disadvantages) of marriage and other pocket philosophies.The book stands the test of time, and much is still relevant and amusing - perhaps even more so, with nearly 100 years of hindsight, than when it was originally written.The book "X" to which Bennett refers in Chapter 5 is An Essay on the Principle of Population by Thomas Malthus, of which there is also a Librivox recording. (Summary by Ruth Golding) Non Essential Non-essential A journal, an essay and podcast compilation on the non-essential aspect of architecture. Essays of Francis Bacon, The by Sir Francis Bacon (1561 - 1626) LibriVox Voltaire was an atheist. Diderot was Enlightened. But trite titles seldom encompass completely the beliefs of any individual. And this one fact is certainly true when dealing with Sir Francis Bacon.The youngest son of Sir Nicholas Bacon, Francis was born in Strand, London, on Jan. 22, 1561. He went to Trinity College at Cambridge. He was elected to Parliament; he was Queen’s Counsel; he even became Attorney General before finally gaining the position of Lord Chancellor.But as do the careers of so many politicians, in 1621 his political career ended in disgrace.And yet, for all of this, both Diderot and Voltaire considered him “the father of modern science.” Others consider him only the father of the “scientific method.” (That process of collecting and organizing data.) Bacon’s “The Essays,” to which we now turn our attention, are–if they are nothing else–a delightful collection in decided disarray. That is, they seem to take no true progression. But an essay is not meant to be a treati Short Nonfiction Collection, Vol. 087 by Various LibriVox "Certitude is not the test of certainty." This pithy phrase is from Jurist Oliver Wendell Holmes Jr's essay on Natural Law, one of twenty nonfiction pieces chosen by their readers for inclusion in volume 087. Selections from Pascal, Josiah Royce, and C.S. Peirce also delve philosophical themes. Builders, warriors, artists, and activists, the many faces of mankind, are illuminated in selections on Ferdinand De Lesseps, Stanislaus Koniecpolski, Jan Karol Chodkiewicz, Mark Twain, Charlie Chaplin, Frederic Edwin Church, the 14th century citizens of Liège, who vanquished Sir Radus' castle, and Simon Pokagon's The Red Man's Rebuke. Major moments in U.S. history are visited in the Civil War Battle of Chickamauga and the Great Chicago Fire. An oft forgotten player in history, the mule, is not neglected, nor are the small turning points along the road of life, epitomized by a New England farm auction. For those in search of humor, there is The Senator's Offer and The Proper Way to Sit. Armchair

URL copied to clipboard!