#43 Sam Levey: Understanding Endogenous Money
The MMT Podcast with Patricia Pino & Christian Reilly
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Understanding Repurchase Agreements and Inflation Dynamics
This chapter explores the mechanics of repurchase agreements (repos) and their role in financial markets as short-term borrowing tools. It also examines the Federal Reserve's interventions during financial crises, the concept of endogenous money, and the complexities of inflation management. The discussion highlights public perception issues, the impact of government pricing, and debates over inflation targets and their consequences for consumer behavior.
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