> Fractional reserve banking don't print money, it increases (and decreases) the money supply through lending. Technically the Fed does the same. They lend mon

> Fractional reserve banking don't print money, it increases (and decreases) the money supply through lending. Technically the Fed does the same. They lend money to the Treasury by buying Treasuries (or more recently, to other people by buying IG credit). When the Fed prints money, in theory it’s offset by a liability somewhere. They are the same. M2 is what matters.