No idea why the link is to the utterly shallow BB article rather than the BoE blog. Here is another good entry from the same blog about how banks create money

No idea why the link is to the utterly shallow BB article rather than the BoE blog. Here is another good entry from the same blog about how banks create money when they lend rather than being intermediaries: https://bankunderground.co.uk/2015/06/30/banks-are-not-intermediaries-of-loanable-funds-and-why-this-matters/ https://bankunderground.co.uk/2015/06/30/banks-are-not-inter...