Or perhaps we should revise that to a “this is impossible under a deeply deluded understanding of modern monetary theory”. For there’s a certain segment of the populace who insist that banks just make up money out of thin air."There’s a certain segment of the populace who insist that banks just make up money out of thin air." That would include the Bank of England.
See my comment there.
Adam Smith Insitute
But this is impossible under modern monetary theory!
Tim Worstall
