Again, this is an uncharitable misreading of one sentence of the paper.
This is a more reasonable reading:
Banks are different because they create money out of thin air. That has been generally accepted so far, but where is the empirical evidence for banks creating money out of thin air? It's in the paper. That's the contribution of the paper, to show empirically how new money is created.
We don't need evidence (empirical or otherwise) for non-banks not creating money, because that would be proving a negative.
If you want to attack the strong interpretation of the claim, you would have to show how non-banks do create money, which you didn't, because as we already agreed, deposits at non-bank institutions are not considered money.
I implore you to apply the principle of charity (steelmanning) instead of wasting your time on semantic disputes.
Hmmh, I can see how you might take a more charitable interpretation of that claim, and maybe this does fall in the category of semantic disputes.
> we already agreed, deposits at non-bank institutions are not considered money.
...due to a technicality / accounting conventions. Yes, I conceeded that already in the original revision of the article. Nonetheless, I made a pretty good case why the IOUs created by Full Tilt Poker could be considered money, even though they were created by a non bank institution. Yes, the IOUs created by banks are "more like money", but in my view, the difference is not that large.
This is a more reasonable reading:
Banks are different because they create money out of thin air. That has been generally accepted so far, but where is the empirical evidence for banks creating money out of thin air? It's in the paper. That's the contribution of the paper, to show empirically how new money is created.
We don't need evidence (empirical or otherwise) for non-banks not creating money, because that would be proving a negative.
If you want to attack the strong interpretation of the claim, you would have to show how non-banks do create money, which you didn't, because as we already agreed, deposits at non-bank institutions are not considered money.
I implore you to apply the principle of charity (steelmanning) instead of wasting your time on semantic disputes.