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Bloomberg Businessweek Weekend - October 22nd, 2021
Bloomberg Businessweek
The History of Money Is Chequered, Right?
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We have now made the central bank the back stop for everything. This is really unusual, because central banks were never designed for this. The federal reserve was created after the panic of 19 o seven to provide some short term elasticity to money. So am that, of course, i ended up setting off a financial crisis. I mean, no matter what any rhetoric is out there, we are living in m m t.
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