The Global Banking System - El Sistema Bancario Global
The banks do create money.
They have been doing it for a long time, but they didn't realize it,
and they did not admit it.
Very few did.
You will find it in all
sorts of documents, financial textbooks, etc.
But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it.
Chairman of the Associated Banks of New Zealand