Ep. 252 Bob’s Reaction to the Bernanke/Diamond-Dybvig Nobel Award
Bob Murphy Show
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The Big Picture Summary of the Economists
John Maynard Keynes' famous phrase is that central banks are pushing on a string. Once you get out of zero, can't do anything with conventional monetary operations. The way of fractional reserve banking system works is that if you pull your money out of a bank, it's not just bad for that individual bank, but it actually shrinks the quantity of money in the economy.
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