> Secondly, they can literally print money. They can print reserves, which is only usable with-in the Fed's inter-bank settlement system. The actual money in

> Secondly, they can literally print money. They can print reserves, which is only usable with-in the Fed's inter-bank settlement system. The actual money in the economy is created by banks through issuing credit: > Most of the money in the economy is created, not by printing presses at the central bank, but by banks when they provide loans. * https://www.bankofengland.co.uk/explainers/how-is-money-created https://www.bankofengland.co.uk/explainers/how-is-money-crea...