"money is created" doesn't mean what you think it means. The definition of "money' used by central bankers isn't the same definition which is used by regular fo

"money is created" doesn't mean what you think it means. The definition of "money' used by central bankers isn't the same definition which is used by regular folks in a common sense manner. Take a look at the balance sheet of any of the big public banks. The assets on their books (mostly loans) has to add up to the equity on their books + liabilities (mostly deposits). If they didn't have all those deposits, what would they use to plug the hole? They could borrow money from elsewhere, but it would be more expensive and less sticky.