Re:The Evolving Economics of Bitcoin, Gold and Fiat Currencies
by nunyabuizness on Wednesday November 01, 2017 @03:49PM
(#15604847)
Section "Money creation in reality" [1]. States that 97% of money in circulation are from bank deposits, the majority of which are themselves created by commercial banks (though it doesn't explicitly state that the rest comes from governments).
[1] http://www.bankofengland.co.uk/publications/Documents/quarte...