Cenrral banks create money on behalf of their governments

Cenrral banks create money on behalf of their governments

The Library of the Canadian Parliament issued a document in 2015 explaining how the Bank of Canada (that country's central bank) created money for the Canadian federal government. Since most people doubt this even happens, it seems well worthwhile sharing this document to record, firstly, to note that there is nothing odd about this, and second, that there is no mystery to the processes involved, except as they note in the preface to the documen…