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The Father Of Quantitative Easing - Richard Werner | PBD Podcast | Ep. 161
PBD Podcast
What's Your Money Given From Central Bank to Banks?
In March of 2009 we put 1.25 trillion dollars into the market Quantitative easing how much was in a market at that time? Give me a number give or take whatever. Let's make a number up 10 trillion I look at it on a flow basis because credit creation is actually a flow concept And whereas you know you're asking now about the stock of money But really the question is how much new money is created now that in 2008 was was actually negative Because banks didn't create credit at the end of 2008 and the central bank Yes, put in trillions, but in total that was still less Then the shrinkage of the money doesn't matter. It doesn't matter all I'm asking
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