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Principles of Liquidity | The Twilight of Gold Series | Episode 8 (WiM166)
The "What is Money?" Show
Is Base Money Overstated Because Market Cap of Gold Is Only Ten Trillion?
Base money is bank reserves plusa narrow money asentia, circulating notes. And inside problem there is the bank reserve slike, again, back to snyder's point, they're just to, those are just fictitious entries. So i'm operating not under the assumptiont that bank reserves are all nothing, all air, not inflationary and have no value. I'm operating on the assumption that they are inflationary and that it is money printing. If you disagree with that, we have an issue not not use f many, few of the viewer have o yes, like then then we need to meet over beer and talk about it. Because ii cannot square myself with that view
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