> That's the way it's described, but banks in this respect are only acting as agents of the government. They can only "create" money under rules prescribed by t

> That's the way it's described, but banks in this respect are only acting as agents of the government. They can only "create" money under rules prescribed by the government, and the government, through the Fed, controls how much of it they can create. And the airlines and aircraft makers can only fly under rules prescribes by the government, specifically the FAA. That does not mean that they are acting as agents of the government. You can only drive a car under the rules prescribes by your local traffic laws. That does not mean you are acting as an agent of the government. Yes, there are rules. But following rules passed by government ≠ being (an agent of) the government.