1) Government/central bank spend more than they take in taxes.
2) Private banks make loans to private sector (biz or individuals).
Money is destroyed by government running a surplus or by loans being repaid.
Note also that for the government to run a surplus the private sector must run a deficit (decrease savings or increase borrowing) in most circumstances.
The question is where money should be created and how it should be managed and controlled.
1) Government/central bank spend more than they take in taxes.
2) Private banks make loans to private sector (biz or individuals).
Money is destroyed by government running a surplus or by loans being repaid.
Note also that for the government to run a surplus the private sector must run a deficit (decrease savings or increase borrowing) in most circumstances.
The question is where money should be created and how it should be managed and controlled.