Credit Creation

This idea is not new, Keynes talked about it in the 1920’s when there was a form of gold standard. So find attached two papers by Richard Werner, the first about his empirical experiment in a small German bank, and the second you will find relevant as to why the German small bank model is so effective for getting newly created money via loans into the ‘Productive’ hands of business rather than the ‘Asset or Consumer’ inflationary hands of the rentier who famously ‘does nothing’ and is the real scourge of society ( ref; Churchill 1909)

https://www.sciencedirect.com/science/article/pii/S1057521914001070

https://www.sciencedirect.com/science/article/pii/S1057521914001434

I also attach a video were he explains QE, again when used well can be of benefit, but badly, highly inflationary.