{"id":19456,"date":"2021-07-22T11:07:22","date_gmt":"2021-07-22T18:07:22","guid":{"rendered":"http:\/\/occupysf.net\/?p=19456"},"modified":"2021-07-22T11:07:23","modified_gmt":"2021-07-22T18:07:23","slug":"how-do-governments-create-money-out-of-thin-air","status":"publish","type":"post","link":"https:\/\/occupysf.net\/index.php\/2021\/07\/22\/how-do-governments-create-money-out-of-thin-air\/","title":{"rendered":"How do governments create money out of thin air?"},"content":{"rendered":"\n<figure><iframe loading=\"lazy\" src=\"https:\/\/embed.ted.com\/talks\/jonathan_smith_how_do_governments_create_money_out_of_thin_air\" width=\"854\" height=\"480\" allowfullscreen=\"\"><\/iframe><\/figure>\n\n\n\n<p>Jonathan Smith|TED-Ed (ted.com)|\u00a0July 2021<\/p>\n\n\n\n<p>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\u2014 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. [Directed by Serin \u0130nan, Kozmonot Animation Studio, narrated by Addison Anderson, music by Deniz Do\u011fan\u00e7ay].<\/p>\n\n\n\n<p>MEET THE EDUCATOR<\/p>\n\n\n\n<p><strong>Jonathan\u00a0Smith<\/strong>\u00a0\u00b7\u00a0Educator<\/p>\n\n\n\n<p>ABOUT\u00a0TED-ED <\/p>\n\n\n\n<p>TED-Ed Original lessons feature the words and ideas of educators brought to life by professional animators.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jonathan Smith|TED-Ed (ted.com)|\u00a0July 2021 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\u2014 the US alone spent $2.2 trillion on a first round&#8230; <a class=\"continue-reading-link\" href=\"https:\/\/occupysf.net\/index.php\/2021\/07\/22\/how-do-governments-create-money-out-of-thin-air\/\"> Continue reading <span class=\"meta-nav\">&rarr; <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/19456"}],"collection":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/comments?post=19456"}],"version-history":[{"count":1,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/19456\/revisions"}],"predecessor-version":[{"id":19457,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/19456\/revisions\/19457"}],"wp:attachment":[{"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/media?parent=19456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/categories?post=19456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/tags?post=19456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}