How Do Governments Create Money?
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 the 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 Inan
Narrator: Addison Anderson
Director of Production: Gerta Xhelo
Editorial Director: Alex Rosenthal
Produced by: Gerta Xhelo, Bethany Cutmore-Scott
Editorial Producer: Elizabeth Cox
Script Editor: Alex Gendler
Storyboard Artist: Gürkan Gürler
Art Director: Gürkan Gürler
Animators: Tuncay Çetin
Design Intern: Lale Tunçbilek
Composer and Sound Designer: Deniz Dogançay
Executive Creative Director: Logan Smalley