tag:blogger.com,1999:blog-2761684730989137546.post1476693740941445542..comments2024-03-28T04:13:36.779-04:00Comments on Mike Norman Economics: Michael Pettis — Monetary policy under financial repressionmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-35935289785107830972013-12-22T10:27:35.154-05:002013-12-22T10:27:35.154-05:00His post reads a bit like gibberish. Their "u...His post reads a bit like gibberish. Their "understanding" of money supply is about money deposited into banks and what happens to it. Where the money came from originally is a mystery apparently. Modern money is born *inside* the banking system or via deficits. These guys start from the stash under a mattress each time. Really pathetic. PeterPhttps://www.blogger.com/profile/02032621777697914182noreply@blogger.com