This is what I read from the Bank of England: > The reality of how money is created today differs from the description found in some economics textbooks > Rat

This is what I read from the Bank of England: > The reality of how money is created today differs from the description found in some economics textbooks > Rather than banks receiving deposits when households save and then lending them out, bank lending creates deposits. https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy https://www.bankofengland.co.uk/-/media/boe/files/quarterly-...