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4min chapter
MI190: Central Banking 101 w/ Joseph Wang
Millennial Investing - The Investor’s Podcast Network
The Fed as Lender of the Last Resort
The fed has expanded its role to being a lender of the last resort, not just to banks, but to everyone. In times of crisis it can create money out of nowhere and that's only excelonton tes owi by things. If you are an institutional ambasster, what you think about dollars worth $1 billion is treasury securities. That's why this kind of quantity easing didn't seem very inflationary when it was rolled out in March 20th.
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