I found this paper from the Bank of England very enlightening when it comes to the actual mechanisms of money creation and their limits. The paper is short and

I found this paper from the Bank of England very enlightening when it comes to the actual mechanisms of money creation and their limits. The paper is short and concise enough and the diagrams are very helpful to the uninitiated. Money Creation in the Modern Economy: https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf https://www.bankofengland.co.uk/-/media/boe/files/quarterly-...