A reply to Zoe Williams on

[alanjjohnstone]

A reply to Zoe Williams on the Forbes websitehttps://www.forbes.com/sites/francescoppola/2017/10/31/how-bank-lending-really-creates-money-and-why-the-magic-money-tree-is-not-cost-free/#21c3f7263073

Quote:

A central bank can create money without limit, though doing so risks inflation. Commercial banks simply can’t do this.