Wednesday, December 16, 2020

The far more devastating virus; monetarism...

The far more devastating virus; monetarism...

"The central bank continues to engage in a wide variety of unprecedented efforts to 'stimulate' the economy and provide income to unemployed workers and to provide liquidity to financial institutions. Moreover, as government revenues have fallen considerably, Congress has turned to unprecedented amounts of borrowing. But in order to keep interest rates low, the Fed has been buying up trillions of dollars in assets—including government debt. This has fueled new money creation."

Ryan McMaken

See link for entire article...

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