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.”
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