I'LL PAY 21K SATS TO THE BEST ANSWER:
How do commercial banks “create money”? Is it money?
Why is it inmoral?
Why don't most people understand it?
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Commercial banks don’t create it, but State run banks do.
They justify it by making the people happy. If the people are happy, the State creates more.
They justify it by making the people happy. If the people are happy, the State creates more.