I think I agree, if you divide assets into "money" and "other stuff" buckets then when you move something between them, "money" is created.
I don't think people intend to say this and only this, when they talk about creating money. Because it's trivial.
But I can't really engage with you about stuff other people wrote and what they might mean. I belatedly realized there were a bunch of people tag-teaming me.
> I think I agree, if you divide assets into "money" and "other stuff" buckets then when you move something between them, "money" is created.
A new loan doesn't move assets between buckets it creates a new asset and a new liability. The asset is money, the liability is not money (nor is it negative money).
> I don't think people intend to say this and only this, when they talk about creating money. Because it's trivial.
Money creation is fairly trivial if somewhat counterintuitive, but people talk about it because it is important in its economic effects.
I don't think people intend to say this and only this, when they talk about creating money. Because it's trivial.
But I can't really engage with you about stuff other people wrote and what they might mean. I belatedly realized there were a bunch of people tag-teaming me.