I don't think that's quite right as when a bank loans out money it creates the money, and when the loan is repaid the money is destroyed. https://www.bankofeng

I don't think that's quite right as when a bank loans out money it creates the money, and when the loan is repaid the money is destroyed. https://www.bankofengland.co.uk/knowledgebank/how-is-money-created https://www.bankofengland.co.uk/knowledgebank/how-is-money-c...