Then by your logic, shouldn’t banks not want customer deposits? Isn’t it just burdensome overhead? Trust me, I get that people aren’t Fedexing cash envelopes b

Then by your logic, shouldn’t banks not want customer deposits? Isn’t it just burdensome overhead? Trust me, I get that people aren’t Fedexing cash envelopes between banks, but that doesn’t mean money is fake and banks can invent it out of think air (they can only multiply it) And to be clear, again, you can very easily follow physical dollars at banks (otherwise imagine the fraud that could happen!), it’s just circular so multipliers get applied. Like I get it’s complicated, but my deposit goes into a mortgage that then goes into another account, etc etc etc. that’s called the “credit multiplier” and we can definitely track it.