(06-20-2022, 01:37 PM)ijmorlan Wrote: Yes. Also, “banks” do not “print” money; only the Bank of Canada (in Canada) does. Regular banks can only lend out deposits.
"Printing money" isn't a firmly defined economics terms, so I can't say you're right or wrong as it depends on what exactly you mean. But through fractional reserve banking we do consider other banks to create money, see https://www.managementstudyguide.com/how...-money.htm .
There's multiple formal definitions of the money supply, see M0, MB, M1, etc at https://en.wikipedia.org/wiki/Money_supp...rve_System . Some of them would only measure money created by the central bank, others measure money created by commercial banks.