Education

Why can’t governments print an unlimited amount of money? – Jonathan Smith

Explore the economic strategy of quantitative easing, where a central bank purchases bonds in order to boost the economy.

In March 2020, the COVID-19 pandemic rocked economies worldwide. Millions of people lost their jobs, and many businesses struggled to survive or shut down. Governments responded with some of the largest economic relief packages in history— the US alone spent $2.2 trillion on a first round of relief. So where did all this money come from? Jonathan Smith explores the strategy of quantitative easing.

Lesson by Jonathan Smith, directed by Serin İnan, Kozmonot Animation Studio.

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View full lesson: https://ed.ted.com/lessons/how-do-governments-create-money-out-of-thin-air-jonathan-smith
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Animator’s website: https://www.kozmonot.tv
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