We cannot reform banking unless we understand that commercial banks not governments are the front line creators of money.

Money is a product of law, not a "thing". Denial that governments have control of their banks is not logical, especially given that money creation was one of the earliest powers given to our government in Article 1: Section 8 of our Constitution.

It was only shortly behind the power to levy taxes. There is a reason for this as modern currencies are driven by tax obligations and the ability of their issuing governments to enforce those obligations. You can trade in whatever currency you wish, but you will remain unemployed in the currency the issuing government demands until you can satisfy your tax obligation.

This allows the government to provision itself on demand, without regard to "revenue" as long as it doesn't pin its currency to a commodity or another currency, by simply creating the money it needs. By spending/creating more currency than it demands back in taxation it can be assured that the economy will adopt its currency as its standard to enable orderly commerce and satisfy the people's desire to net save. As it issues its unit of account to clear payments to the private sector its "debt" is limited to the number of such units not yet "uncreated" by payment of taxes, which serves as the private sector's "net money supply".

Banks do not have this power of "net" money creation and can only issue credit against their superior standing with, and backing by, the issuing government. If they could produce money on demand, like the government, there would be little need to make private loans as they could simply loan each other whatever amount they desire and forgive each other's obligation to repay. This credit issuance needs to be much better regulated, but that has always been subject to political will and is not due to some underlying grand conspiracy going back to an anchient religious order.