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People downvoting you are clueless. Different assets have different moneyness depending on how they can be used. A credit card limit is more moneylike than bank
by simple-thoughts 4y ago
People downvoting you are clueless. Different assets have different moneyness depending on how they can be used. A credit card limit is more moneylike than bank reserves are.
- plonk 4y agoSaying that "bank reserves are useless" is clueless. This bank needs liquidity and borrowing from the Fed would provide it.