"I think he is confused with actual notes and coins which I believe make up 3% of the money."

Yes I suspected that was the case. It seems a quite common & remarkably wrong assumption, leading to the obtuse idea that this is all the money government creates: especially when Government spending accounts for over 45% of the countries GDP.

This spending power is of course is why parasite organisations like the Conservative party actually exist. Despite the rhetoric that they all believe in a free market, it's easier to take a government job where you coterie of fellow crooks divert those funds into areas which will enrich you... than actually God forbid "compete" in that legendary "free market" they all supposedly worship.

-The blatant illegal crookery we saw in the PPE Covid scandal alongside was only the norm laid bare.