> The argument is whether a bank takes in say $10 of deposits to then loan out $10 OR if a bank "generates" $10 at-will to make a loan of $10. In some sense, t

> The argument is whether a bank takes in say $10 of deposits to then loan out $10 OR if a bank "generates" $10 at-will to make a loan of $10. In some sense, the loans are real and backed by real money, but it's your balance that is generated from thin air when the loan is issued.