Y
HN Search
Hacker News Search
new
|
comments
|
top
|
jobs
fedtotherescue
searching PlanetScale…
1.
▲
2.
▲
3.
▲
4.
▲
5.
▲
6.
▲
3 ms
·
1.
▲
by
fedtotherescue
7y ago
My understanding is that the problem is not that banks don't have money, but that they don't have the right kind of money. They need fed reserves, which is the only kind of money that works intra-day for bank needs, but they have