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This is what happens when the Fed fails to pay attention to the quantity theory of money.
Monetary policy is about changes in the money supply, not about changes in interest rates.
23.7. klo 08.30
The Fed has paid $188B to banks NOT to loan money, 40% of that is going to foreign banks. It’s losing money while micromanaging rates. I explained why it’s time to rethink the entire system with @LarryKudlow.
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