tag:blogger.com,1999:blog-2761684730989137546.post1939908903037895752..comments2024-03-29T09:32:34.853-04:00Comments on Mike Norman Economics: Dean Baker — Does China's 2.5 Percent Inflation Rate Really Explain the Decline in the Value of Its Currency Against the Dollar?mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-29001192412360910962018-11-01T19:58:15.169-04:002018-11-01T19:58:15.169-04:00I didn't say that the CB doesn't affect an...I didn't say that the CB doesn't affect anything. I said that its level of holdings of Treasury debt - which is what Dean Baker was talking about and has nothing to do with the banking system and reserve levels - can't affect anything, which is true. Calgacushttps://www.blogger.com/profile/06031818010224747000noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-84223610551069792722018-11-01T07:25:52.008-04:002018-11-01T07:25:52.008-04:00Calg: "a central bank like the Fed is really ...Calg: "a central bank like the Fed is really part of the US government. Its holdings of government debt are basically meaningless and cannot affect anything."<br /><br />No it doesnt effect anything other than the Leverage Ratio of the banking system... no big deal there if they add a bazillion of reserves and collapse the SLR and bankrupt all the banks... pretty meaningless other than we'd all be in Mad Max beyond Thunderdome...<br /><br />Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-70564247873863013722018-11-01T07:08:44.454-04:002018-11-01T07:08:44.454-04:00Calgacus makes some inaccurate comments over there...Calgacus makes some inaccurate comments over there...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.com