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You’re right - “helicoptering” is no longer accurate - “airlifting” might be more appropriate. Remember, the Fed is buying $120,000,000,000 of bonds per month.
by MR4D 5y ago
You’re right - “helicoptering” is no longer accurate - “airlifting” might be more appropriate.
Remember, the Fed is buying $120,000,000,000 of bonds per month.
That’s well beyond a helicopter’s capability!
- nickik 5y agoIt doesn't matter what the reserve is when the central bank has the power to prevent the movement of reserves in other ways. This is part of the complexity in modern central banking that people don't seem to understand. Many of the things you might have learn in school about how central banks operate are no longer the case. If cash actually flows depends on many factors.