Related:
Bank of England: Money creation in the modern economy
Bank of England: Banks are not intermediaries of loanable funds — and why this matters
Deutsche Bundesbank: How money is created
Deutsche Bundesbank: The Role of Banks, Non-Banks and the Central Bank in the Money-Creation Process (German only, remove the automatically added space near the end of the link)

I intentionally did not list any of the UMKC material nor any of Mosler's work, because people seem to ignore this stuff unless it comes from people/institutions they consider to be authorities in the field. Ergo two of the most important central banks.

Or if you prefer a short video, here's Greenspan taking Paul Ryan to school: There is nothing to prevent the government from creating as much money as it wants and paying it to somebody."

Moving this video to radx's personal queue. It failed to receive enough votes to get sifted up to the front page within 2 days.