[lonelappde]

It's just as true to say that depositors create money or creditors create money. Perhaps more true to say that the FDIC creates money by insuring deposits.

The whole system creates money. And it's not some weird sort of stealing (unless a creditor defaults, of course), it's a lubricant and catalyst of economy, and why I don't have to maintain a herd of cows just for use in trading my computer software for your pickles. Money (currency) is only useful when it moves, so creating it is good for people.

Anyone can create money. If I write "IOU a chicken, redeemable by whoever holds this paper" on a sheet of paper, I just created money (but not US legal tender fiat currency)