| Philipp Bagus | BIG PICTURE with James Patrick This extract from an interview with Professor Philipp Bagus dissects the operations of Fractional Reserve Banking. Banks take deposits and lend them out and this causes inflation and economic dis-coordination. This interview was shot as apart of the film CBDC: The End of Money Sign up for the newsletter to hear about interviews like this: BigPicture.Watch/Newsletter Donate to the production of the film: https://bigpicture.watch/product/cbdc-the-end-of-money/