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Uhm, Wrong. #Study
84K Followers. Mind blowing.
This must come as a bit of a surprise… but the day Post GFC in 2008… the Deposit Multiplier ceased to exist the day the Fed paid IOER…in other words there’s no opportunity cost of holding Reserves. #QEFloorSystem
The Fed & only Fed creates Money Supply in Aggregate. $XLF
The Fed & only Fed creates Money Supply in Aggregate. $XLF
