That's not the process. The process is that loans create deposits. This is the process. From an actual central bank [0] [0]:https://www.bankofengland.co.uk/-/m

That's not the process. The process is that loans create deposits. This is the process. From an actual central bank [0] [0]:https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf https://www.bankofengland.co.uk/-/media/boe/files/quarterly-...