Nov 12, 2013 8:34 AM

Now, on this site... they state, "What it means is that money comes into being when somebody needs it, when somebody goes into debt and makes a 'promise to pay'."

So how, indeed, does it get created? Let's take a look at the Financial Administration Act:

“money” includes negotiable instruments;

“negotiable instrument” includes any cheque, draft, traveller’s cheque, bill of exchange, postal note, money order, postal remittance and any other similar instrument;