https://www.pragcap.com/the-money-multiplier-and-the-myth-th...
"Banking and the Laughable 'Money Multiplier' Myth"
https://www.realclearmarkets.com/articles/2016/06/29/banking...
"Money is money and credit is credit. They are not the same thing, they are completely different financial animals."
and:
"Only the Federal Reserve can create money"
How does the author imagine we had money before 1914?
Perhaps the author and you would be interested in reading "Monetary History of the United States" by Friedman, an actual expert on this topic.
https://www.pragcap.com/the-money-multiplier-and-the-myth-th...
"Banking and the Laughable 'Money Multiplier' Myth"
https://www.realclearmarkets.com/articles/2016/06/29/banking...