← Back to context Comment by killerstorm 4 months ago False. Banks create money. https://en.wikipedia.org/wiki/Money_creation 2 comments killerstorm Reply JW_00000 4 months ago Banks create money by issuing loans; but they can't create money out of thin air if $1.5B was stolen from them. malfist 4 months ago Banks create credit within the confines of law. That isn't creating money. Only the central bank can do that
JW_00000 4 months ago Banks create money by issuing loans; but they can't create money out of thin air if $1.5B was stolen from them.
malfist 4 months ago Banks create credit within the confines of law. That isn't creating money. Only the central bank can do that
Banks create money by issuing loans; but they can't create money out of thin air if $1.5B was stolen from them.
Banks create credit within the confines of law. That isn't creating money. Only the central bank can do that