We agree. But note that this is in the context of the following exchange: >> they don't have the right to print money the way a central bank does. > Yes, t

We agree. But note that this is in the context of the following exchange: >> they don't have the right to print money the way a central bank does. > Yes, they do. Where the response ignores that that limit exists (may not be relevant in practice but it is in theory: a commercial bank can only give the loans that it can support with its existing reserves or those it may have access to, while for a central bank sky is the limit).