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5min chapter
Is Sound Money the Answer? with George Gammon (WiM268)
The "What is Money?" Show
The Fed Is Not Controlling Them to Specifically Through the Reserve Ratio
The Fed's cardinal sin is manipulating the front end of the curve more specifically overnight rates and also bailouts bailouts I think it's huge because this moral hazard that it creates in these distortions. The banks can they don't need QE to create their balance sheet is not constrained by bank reserves you know bottom line so they can go out and do whatever they would have done withoutQE. If we were to let things fail just shimperters creative destruction but the Fed would have done quantitative easing, he says. George W. Bush: We should definitely definitely end the Fed but their cardinal sin isn't necessarily M2 as we've discussed here I'm glad you brought this
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