> But they'll need assets on the right side of their balance sheet. [citation ne...

vishnugupta · on Feb 25, 2022

https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/m...

"Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money."

So on the asset is a loan made by the bank.

nradov · on Feb 25, 2022

What kind of citation are you looking for? That's not a controversial issue, it's just the basic reality of how fractional reserve banking has always worked. I'm sure that was covered in your Econ 101 class so open up your old textbook.