Says Wikipedia about Dr Werner: The earliest written record of the phrase and concept of “quantitative easing” has been attributed to the economist Dr Richard Werner, Professor of International Banking at the School of Management, University of Southampton (UK). At the time working as chief economist of Jardine Fleming Securities (Asia) Ltd in Tokyo, and noted for his 1991 warning of a coming collapse of the Japanese banking system and economy, he popularised the expression in an article published on September 2, 1995 in the Nihon Keizai Shinbun (Nikkei)
You can visit the Bank of England museum: It’s a great museum, but you will find not one word in there about credit creation. Not one.
It’s a privilege they don’t want you to know about.