存款货币的创造是一个实实在在的物质创造过程，是公众资产选择的一种形式，它代表了对现存社会产品和服务的贡献。

Deposit creation is a substance creation and a choice of people's assets. It represents the contribution to existent production and services.

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而贷款的同时产生的存款，是货币的创造，它并没有创造出任何财富，只能是增加了更多交换媒介，使经济更具有流动性。

But the process that bank makes loans is only monetary creation. It doesn't create any value-added, but only creates more exchangeable intermediary and increase liquidity of economy.

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这次以货币创造抬高资产价格的尝试最后以失败告终。

This attempt to boost asset prices by money creation was ultimately doomed.

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