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#61 Surviving stagflation | Lyn Alden on learning from the past to better invest for the future

Money Minded

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What's the Difference Between QE and Recapitalization?

Central banks monetize fiscal kind of deficit. Instead of creating new bank reserves, they're buying treasures and mortgage bank securities. It's not acutely inflationary in the same way because it's not in the real economy. And that's what makes that it's fiscal plus QE is a lot more inflationary than QE on its own.

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