Macro-economics can be denied, but the truth about the basics of money creation will come back to bite those who try eventually. The US dollar is a product of law, not a tangible thing. Congress makes the laws, including the creation of money and the taxes that give it value.

Every dollar spent into the private sector by Congress is a brand new dollar and tax collections only cancel the debt that was created when the dollars were spent. Ditto with bond receipts. I, and many others, have done deep dives into Fed and Treasury reports to be able to attest to this.

Banks can generate "debt" that can be used as actual money, but that debt cannot retire itself without incurring more debt. Only money created by federal spending can net retire private sector bank debt or be net saved. The purpose of bank lending is to accumulate actual dollars, which is the only way to keep it from being less than zero sum.