Sorta, but the real question is would you want to? An IOU is an asset representing a future cash flow. From you. It’s an asset for someone else, but a liabilit

Sorta, but the real question is would you want to? An IOU is an asset representing a future cash flow. From you. It’s an asset for someone else, but a liability for you. Similarly a bank can create money but it’s a liability for them. They won’t do it for free; you have to pay them to do it with something of value.