2 ms·
So if the rate was zero, and they increased it by 0.01%, your claim would be that it was an infinite rate increase, and big institutions would have zero money t
by jeffwass 11y ago
So if the rate was zero, and they increased it by 0.01%, your claim would be that it was an infinite rate increase, and big institutions would have zero money to roll around?
- marcosdumay 11y agoIf the rate was zero the, incredibly small attrition banks suffer while creating money would completely determine how much money is in circulation. If not for it, yes, the amount of money would go to infinity, and would get down infinitely much by any positive rate. My point is, this attrition turned up to be incredibly small, and still irrelevant at the US later interest levels.