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A comment on Inequality, Interest Rates, Aging, and the Role of Central Banks. Parent comment

Re:Inequality, Interest Rates, Aging, and the Role of Centra... by WalterBright on Friday December 30, 2022 @01:01PM (#34187731)
Banks loan out the money that is deposited. People don't borrow money in order to let it sit in a bank account, either.
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Re:Inequality, Interest Rates, Aging, and the Role of Centra... by spiralx on Saturday December 31, 2022 @08:10AM (#34196125)
No they don't, bank loans create new money directly.

https://www.bankofengland.co.uk/-/media/boe/files/quarterly-...

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