I'm presenting an outdated and simplified version of the process, because yes, you're correct in the short term. The process happens asynchronously where the ba

I'm presenting an outdated and simplified version of the process, because yes, you're correct in the short term. The process happens asynchronously where the bank gets to loan out the money now and sort out the backing money later. But it has the same _effect_: the government controls the maximum money supply and the creation of money.