So tell us how many trillions were created by the Fed since 2007 vs how much created by private institutions.. and cite your sources...
I'll give you this, found in an instant, as I've returned the book I got the original estimates from. https://www.forbes.com/sites/france...-money-tree-is-not-cost-free/?sh=22f6fa383073
As your article stated... According to a poll conducted by City AM on behalf of the “sovereign money” advocates Positive Money, 84% of British lawmakers don’t know that banks create money when they lend. This is despite the fact that in 2014, the Bank of England produced a definitive statement to that effect. So its not only fucked up that our politicians pretend that govt spending must be matched with taxes... when private banks create so much money... Its even more fucked up when you know... the FED creates trillions of dollars with a keystroke... and there evidence sitting right there... a. their balance sheet has expanded by trillions. b. They admitted after a law suit by bloomberg that they created 9 to 13 trillion and gave it out during the mortgage crisis. Yes some or all of it was returned... but I am showing us that they create trillions and do not have to tell anyone. c. We know they admit it when they say the "expand" the money supply to match growth. There is so much more to this spending and they don't even track m3 for us anymore. Conclusion... money and the budget talk and taxes to match spending are kabuki if you have no idea how many trillions the Fed injects into the system every year.