3 ms·
GP is wrong though, vault cash is the incorrect time series for that. GP should have used Monetary Base if they wanted to consider purely electronic cash (that
by jmalicki 8mo ago
GP is wrong though, vault cash is the incorrect time series for that.
GP should have used Monetary Base if they wanted to consider purely electronic cash (that is not a result of any fractional reserve stuff at all), which is over $5T disproving their point.