Trouble is that fractional reserve lending does the same thing--creates money out of thin air. The difference is that a loan is supposed to be based on some value-add that will allow the borrower to repay the principle and interest. It is worth watching Money as Debt on YouTube for how this works as well as reading the critiques and director's responses
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Exactly. I find it strange when those who rely on / support fractional reserve banking turn around and excoriate those who promote MMT.
Thanks for the link to "Money as Debt." I'll give it a look soon.