Rather, they create both loan assets and matching deposit liabilities "from nothing" by means of double entry accounting entries.
Creating money with a stroke of the pen (or a few taps on a computer keyboard) is what banks do.
Frances Coppola, 29 October 2017
Creating money with a stroke of the pen (or a few taps on a computer keyboard) is what banks do.
Frances Coppola, 29 October 2017