Banks create money when they lend. They also create money when they buy coffee machines

At the end of the transaction JP Morgan has a new coffee machine and Goodlife has $10,000 in its deposit account. 

Frances Coppola 3 September 2021

https://www.coppolacomment.com/2021/09/jp-morgans-coffee-machine.html


“The process by which money is created is so simple that the mind is repelled.”

Only the ignorant live in fear of hyperinflation

Failure to understand the monetary system has made it more difficult for central banks to act

The act of saving does not increase deposits in banks. If your employer pays you, the deposit merely shifts from its account to yours. 

This does not affect the quantity of money; additional money is instead a byproduct of lending. 

Banks really do “print” money. But when customers repay, it is torn up.

Martin Wolf, FT April 10, 2014

https://www.ft.com/content/46a1ce84-bf2a-11e3-a4af-00144feabdc0?syn-25a6b1a6=1#ixzz2yYPrEUvD


Bank of Engand: Money in the modern economy: an introduction



https://www.internetional.se/freshstart.htm#0813explained

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