[cryptica]

People and other non-bank entities do not create money, they create and attempt to sell contracts to the bank which are supposedly backed by the value of future goods and/or services. The bank is the one which decides if a contract is worth what the seller is claiming. The seller could claim that they own a lot of user data and that this data is a valuable intangible asset and if the bank agrees with this valuation, then that person can get access to a lot of credit.

Nonetheless, this is all irrelevant, people cannot legally create money (that would be counterfeiting), they can only create assets; only banks can create money and they can cherry-pick who is allowed to get credit and who isn't using whatever rules or metrics they see fit. All the new money enters the economy through loans and government bonds. Companies and individuals who are close to the money printers get most value out of the new money since they get it first (Cantillon effect). By the time inflation kicks in, these people who are close to the money printer will be able to take another bigger loan in the future using their existing collateral which will undoubtedly be worth more due to inflation in the nominal monetary 'value' of that collateral.