2 ms·
" You also act like their function as a lender of last resort in the event of runs on banks caused by maturity mismatches that tend to happen once every few gen
by jomamaxx 10y ago
" You also act like their function as a lender of last resort in the event of runs on banks caused by maturity mismatches that tend to happen once every few generations isn't explicitly and historically one of the primary reasons for their continued existence - your "purge the system" rhetoric aside,"
Listen buddy - you have absolutely no idea what you are talking about, okay?
Not only that - you don't make any sense - and you don't have a grasp of language either.
"I act like" ?
"My purge system rhetoric" ?
Every statement in your comment is not only wrong - they make no sense.
The Euro is widely recognized as a stronger currency than the USD at least in the technical sense. There are more shenanigans at the Fed than at the ECB. This is not a secret.