> aristotle was right aristotle didn't know about the subjective theory of value.  money does not store value, but it can appear like it is. in fact, however, the quantity and quality of money can remain the same but its value can fluctuate simply because of the perceived value that people have regarding the economy of the state that mints the money. if people think the respective economy is not producing the same quantity or quality of goods and services, then the value of the money will decline. thus money, itself, can't store anything. > but if someone asks a credit to a commercial bank, they will create money, debt in this case.  this is false. this falsity is always peddled by economically illiterate lolbertarians. governments sell bonds (this is the debt), commercial banks buy the bonds (this is an asset to the banks). the commercial banks sell those bonds to the central bank in exchange for fiat. the central bank buys and sells bonds (and other assets, such as gold, silver, (cheese and meats in some countries), buildings, etc, etc.) to control the supply of money. when a commercial bank has the money they can lend out a fraction of the money. the debtor can then put that money in an account at a different bank, and the bank can then lend out a fraction of that amount and this repeats until the fraction is too small to lend out. the banks each hold their own fraction (by law and by voluntary choice) to help cover deposits and avoid a run. the fractional holdings thus acts like an insurance premium.  no debt outside of the government selling bonds is created. the only thing happening here is money being lent and resaved over and over again until the banks can't lend the fraction anymore.  fractional banking was popularized by the british silver banks who profited from lending silver (rather than deposit fees) in a partnership between banks and depositors. the court later ruled that depositors aren't partners, they're owed their money back.
Canada