Or a bank. Or a billionaire. Or a hedge fund. Or a stock market maximizing algorithm.
Only government has full control over its national currency via central bank and taxes. It’s not decentralized, as every commercial bank needs to get a loan from the central bank, and people have to pay taxes in national currency.
As other have mentioned, we operate with Fractional Reserve Lending, so most Money is not created by governments but by banks when the lend money.
Here is an article from the Bank Of England on it in case you think this is bullshit.
Government control over money creation is, nowadays, mostly indirect via reserve criteria which is a lot softer that the direct control over money printing in the old days.
Your idea of how money is created is at least 30 years out of date.
Only government has full control over its national currency via central bank and taxes. It’s not decentralized, as every commercial bank needs to get a loan from the central bank, and people have to pay taxes in national currency.
You can’t be serious 🤦
As other have mentioned, we operate with Fractional Reserve Lending, so most Money is not created by governments but by banks when the lend money.
Here is an article from the Bank Of England on it in case you think this is bullshit.
Government control over money creation is, nowadays, mostly indirect via reserve criteria which is a lot softer that the direct control over money printing in the old days.
Your idea of how money is created is at least 30 years out of date.