> banks no longer get to do 10-1 fractional reserve banking Fractional reserve banking is pretty much an urban myth. Banks create money when they make commer

> banks no longer get to do 10-1 fractional reserve banking Fractional reserve banking is pretty much an urban myth. Banks create money when they make commercial loans. The Bank of England explains it quite nicely here: 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-...