3 ms·
That's not how it works(1). As the QE programs have showed, you don't get any demand by creating more reserves in a depression. For those reserves to get tract
by RobertoG 7y ago
That's not how it works(1).
As the QE programs have showed, you don't get any demand by creating more reserves in a depression. For those reserves to get traction over the economy you need somebody that borrow from the banks.
(1) -
http://bilbo.economicoutlook.net/blog/?p=661 http://bilbo.economicoutlook.net/blog/?p=661
http://bilbo.economicoutlook.net/blog/?p=29140 http://bilbo.economicoutlook.net/blog/?p=29140