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The Father Of Quantitative Easing - Richard Werner | PBD Podcast | Ep. 161
PBD Podcast
The Central Bank Is a Special Institution
Banks are special they create the money supply and you need them if you want an economic recovery. While they're impaired you could have a 20 year recession, right? um And so My recommendation was the central bank should go and buy these non-performing assets Let's say at face value at 100 they're only worth 20 But the central bank goes out and buys them at 100 what happens the banks of course are immediately restored I mean they're more liquid than ever their balance sheets are super strong They can now go out and create credit do their normal business.
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