Interview: George Gammon vs Larry Lepard (Interest Rates, The Dollar, Sound Money)
Rebel Capitalist News
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The Impact of the Fed's Balance Sheet on the Economy
This chapter delves into the differing views on the significance of the Fed's balance sheet on the overall economy. One perspective argues that the increase in the balance sheet size is driven by the creation of currency, while the other highlights the importance of the balance sheet by referencing the repo market disruption. The concept of bank reserves and their relationship with the repo rate is also explored.
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