Is MMT Real? #4: J.W. Mason
RABBITHOLE
00:00
The Fed's Power Is Still Relevant to the Fed
There's a lot of that really it's still related to the fed because of the process of spending which is basically like selling bonds. The other thing that I'm confused about that I didn't ask though I will definitely need to ask someone else, he says. He asks if inflation leads to the fed wanting to raise interest rates to lower inflation and the bond yield is going up based on predictions about the fed why does that circuit not complete? "I don't really know what the discount window is but that's fed lending to bank" Mason: We want to either give or recognize the fed's power as opposed to trying to imagine some some alternative way of bringing the things that
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