# 325. Principles of Economics Lecture 14: Credit and Banking

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Text version: https://stenobird.com/podcast/the-bitcoin-standard-podcast-1143799/325-principles-of-economics-lecture-14-credit-and-banking.md
Podcast: [The Bitcoin Standard Podcast](https://stenobird.com/podcast/the-bitcoin-standard-podcast-1143799)
Published: 2026-05-12T05:00:00+00:00
Episode link: https://www.buzzsprout.com/1849151/episodes/19162778-325-principles-of-economics-lecture-14-credit-and-banking.mp3
Audio file: https://www.buzzsprout.com/1849151/episodes/19162778-325-principles-of-economics-lecture-14-credit-and-banking.mp3
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Duration seconds: 4658

## Resource

Fourteenth lecture of Principles of Economics explores credit and banking as the institutions that channel savings into investment, how commodity credit emerges from real savings, while circulation credit comes from money creation, why interest rates reflect time preference, and whether interest can be eliminated with hard money. Get all course notes and slides on saifedean.com/poecourse

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