How is money created? Some is created by the state, but usually in a financial emergency. For instance, the crash gave rise to quantitative easing – money pumped directly into the economy by the government. The vast majority of money (97%) comes into being when a commercial bank extends a loan.
And I’m just curious. Why in the hell did you think you could tell me I am wrong when you clearly knew nothing about the topic? It’s kind of depressing that this thread is full of this shit. It is a backbone concept in our society, and instead of questioning yourselves, you fuckers are in here correcting people, spreading false information.
I mean I get doubting it. It’s insane. But use a damned search engine and question yourself.