3 ms·
You do realize that commercial banks create most of the money in the economy and QE is merely the central bank flooding the banks with reserves to back the mone
by imtringued 3y ago
You do realize that commercial banks create most of the money in the economy and QE is merely the central bank flooding the banks with reserves to back the money they already created?
Honestly, how can you be this dense. The difference in the past years wasn't QE or "money printing", it was that the government performed fiscal stimulus, which tends to put money into the hands of people more than letting their bank account be backed by government bonds.
The Economics Explained yotuber made a video about how hyperinflation is already there using a similar graph and where is it exactly?