Publisher's Synopsis
A simple explanation of how banks function, create money through use of the multiplier effect and why they do it. It also contains a short explanation of some of the functions of the Federal Reserve Banking System and how if facilitates banks in their functions. The last two sections of the book also contain information on banks and the part they play in inflation, deflation and foreign trade as well as insights into some of the things that are happening that are changing the banking environment and why debt is so important but also a huge problem.
