
#3 Why we can always afford a war
The MMT Podcast with Patricia Pino & Christian Reilly
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Government Regulation and Bank Lending During Quantitative Easing
Exploration of how government regulations restrict bank credit issuance, revealing that banks are already at their maximum lending capacity even during quantitative easing. The Bank of England's bond purchases under QE merely shift balances among accounts and do not directly fund government expenditures.
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