How we paid for the War on Terror

Re:How we paid for the War on Terror by 3009629147 on Monday August 23, 2021 @06:15PM (#28282685)

Please note: most (±95%) of the U.S. money supply is not created by the Federal Reserve, but by the U.S. commercial banks as deposits when they make loans. [1] Alternatively you can read the Bank of England report on Money creation. [2] It's about the British economy but goes into further detail and the monetary principles are the same in every modern country.