Face it. It is over. Trump won.

[Mnementh]

MikeRox said:

SpokenTruth said:

Regular banks sort of do create money.  It's called Fractional Reserve Banking.   They can lend 90-97x more than their reserves.  If a bank has $1,000, they can lend up to $90,000-$97,000 (depending on their require reserve ratio).

However this limit is set on them. They can't just indefinitely create infinite money. Hence that part falls on central banks and investor confidence with it.

The reserve can be money they have lent from other banks. So multiple banks can create indefinite money without a central bank. You're right though that at some point the confidence in credits goes away. But that point is far far beyond the money created and controlled directly by the central bank.