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There probably isn't a broad consensus among central banks on the whole ecosystem of money creation (nor among the economists in any particular central bank), b
by bidirectional 4y ago
There probably isn't a broad consensus among central banks on the whole ecosystem of money creation (nor among the economists in any particular central bank), but the things mentioned in that BoE article are really just trivial economic facts everyone agrees on. Banks create money by lending, has been that way since the ancients.