That's a common misconception of how money creation works. If you want to learn more, this Bank of England article is a good introduction (pdf): https://www.ban

That's a common misconception of how money creation works. If you want to learn more, this Bank of England article is a good introduction (pdf): 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-...