Relatedly, a great primer on this concept has been written up by the Bank of England and IMO is a must-read for anyone who wants to know how money is "created".

Relatedly, a great primer on this concept has been written up by the Bank of England and IMO is a must-read for anyone who wants to know how money is "created". https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy https://www.bankofengland.co.uk/-/media/boe/files/quarterly-...