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Are you seriously interpreting this as "Bernanke wants banks to be able to infinitely inflate the money supply"? You do realize that Bernanke's briefing explai
by jfager 17y ago
Are you seriously interpreting this as "Bernanke wants banks to be able to infinitely inflate the money supply"?
You do realize that Bernanke's briefing explains alternate mechanisms for accomplishing the same goal without the drawbacks of the current system, right?
And you do realize that one of those drawbacks is that if banks are currently keeping a much higher level of reserves than the minimum, one of the dangers is that they might start opening the lending spouts and spur inflation, right?