Banks literally create money by lending, here's a good overview from the Bank of England: https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/

Banks literally create money by lending, here's a good overview from the Bank of England: 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-...