CONTENTS FOREWORD l.
INTRODUCTION
Key questions 1.3. Overview of key findings l.2.l. The money supply and how it is created l.2.2. Popular misconceptions of banking l.ft. How the book is structured 1.1.
WHAT DO BANKS DO? 2.1. The confusion around banking 2.2. Popular perceptions of banking 1: the safe-deposit box 2.2.1. We do not own die money we have put in die bank 2.3. Popular perceptions of banking 2; taking money from 2.
savers and lending it to borrowers
2.4. Three forms of money 2. ~. How banks create money by extending credit 2.6. Textbook descriptions; the multiplier model
Problems with the textbook model 2.8. How money is actually created 2.7.
ft. THE NATURE AND HISTORY OF MONEY AND BANKING ft.i. The functions of money
Commodity theory of money: money as natural and neutral ft. 2.l. Classical economics and money
ft. 2.