Money is a ledger of who did how much work.
Fractional reserve banks add to the ledger work they did not actually do and claim it.
Here's more about this from TheGuySwann (npub1h8n…rpev)
https://open.spotify.com/episode/4t1Xr09Mpl7qzjU5SsnK4X?si=Or-7V0Y5QR6qN4THBWQQSw