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The Father Of Quantitative Easing - Richard Werner | PBD Podcast | Ep. 161
PBD Podcast
Why Is Bank Credit Expanded So Dramatically?
In an in an asset bubble you push up asset prices by 100 200 300 400 percent from the peak they only need to fall by 10% or a bit more than that 15% and the banking system is bust. That's why we have these recurring banking crises after the asset bubbles So the question is then why and how was bank credit? Expanded so dramatically for land purchase and property transactions. The secret monetary policy tool that has been used by almost all central banks But is not written about very much because central banks don't want people to look at it Academic economists know what to write but writing about this is considered slightly dangerous for your career. In Japan you have to if you really want to
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