An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
He's conflating the repo the Fed does with the Depositories to provide Reserves "to lend out" with normal repo type financing between two non-govt entities...
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He's conflating the repo the Fed does with the Depositories to provide Reserves "to lend out" with normal repo type financing between two non-govt entities...
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