How Banks Affect the Environment and the Role Your Money Plays in It

How banks affect the environment and the role your money plays in it

Inside Creative House/ShutterstockWhen you think about your environmental footprint, what comes to mind first? Maybe the flights you take, the car you drive or whether you choose the train instead. Perhaps it is the plastic you try to avoid, the clothes you buy or the food on your plate. But what about your money – how often do you think about where it is kept and what it supports? Banks are a part of our everyday lives. We use them to receive s…

Banks Don’t Lend Money the Way You Think, Here’s What Actually Happens

Discover how modern banks create money out of nothing through lending, why deposits are actually loans to the bank, and how this process affects inflation and financial regulation.