Banks do create new dollars out of thin air, it doesn't matter if it's physical paper or account balance as the two are interchangeable. Both are counted as actual dollars in economy as there is no way to tell the difference.
I curious, say I want to start a bank and create money out of thin air, how do I do it? I would like to engage in this business.
My name is Joel Bernanke and I've got some connections. But if you can I'd prefer an explanation that a friend my dad doesn't like could use.
Thanks!