It's important to understand that banks also destroy money when loans are repaid. Everyone always brings up the fact that banks create money out of thin air wh

It's important to understand that banks also destroy money when loans are repaid. Everyone always brings up the fact that banks create money out of thin air when issuing loans. Nobody ever mentions that the inverse happens again at the other side. I'm not sure how much it's because everyone just parrots the factoid that "banks create money" without understanding it, or they are deliberately trying to mislead people into distrusting the banking system.