>Bank reserves are not money. Therefore the fed printed no money. My understanding is that the issuance of bank reserves allows banks to issue more loans, thus

>Bank reserves are not money. Therefore the fed printed no money. My understanding is that the issuance of bank reserves allows banks to issue more loans, thus injecting more cash into the economy. That's the mechanism people are blaming for these asset bubbles. It's also what the Fed intended to happen. > This is not a mainstream view Right.