Ep. 243 To Understand (Price) Inflation Then and Now, Follow the Money
Bob Murphy Show
00:00
Investing in Retail Money Market Funds
If we originally thought the community wasn't holding currency in their pockets, they just head at all in bank vaults, and they had a hundred of their money in checking account balances, sthink. I'm saying, no, these big institutional ayers, in terms of the actual money that they're getting, that someone's paying them for something that ultimately ends up probably on deposit with a commercial bank. That shift and preferences, i would not expect would lead to more currencys staying outside of the banking system.
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