When you create more money, which banks do every time they issue a loan, you are accommodating more saving in that currency. If you're saving, you're not spend

When you create more money, which banks do every time they issue a loan, you are accommodating more saving in that currency. If you're saving, you're not spending and if you're not spending you are denying other people an income. The alternative is to confiscate savings, or ban them. The bit the mainstream metallists miss is that deposits are a result of loans, not the other way around.