The banks were allowed to take over the money creation however we the public had a choice to sign up for this "easy" money.

As as been said above - we are nowhere near money creation at a level that will lead to any serious inflation.

Once the US went off the gold standard, it became free to engage in such money creation.

It is only government deficits and consequent money creation that cause inflation.

Banks also refer to this process as book entry credit or money creation.

While money creation is now rising at a slower rate, inflation usually lags it by six to nine months, he added.

To stop a raging inflation, the fledgling Government must control money creation.

What we need is a real form of money creation.

The normal process of money creation is taking place within the banking system.

Debt is a major source of money creation in modern economies.