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In my view, it's not a failure of any central bank. The additional liquidity is generated by other banks, in the form of overvaluations and financial constructi
by tremon 5y ago
In my view, it's not a failure of any central bank. The additional liquidity is generated by other banks, in the form of overvaluations and financial constructions that allow loans without backing securities.
- trashtester 5y agoThis is not a case of either-or. But central banks have more power than anyone else, as they are the only ones who can truely "print money".