6min chapter

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Cullen Roche: Understanding the Modern Monetary System (EP.132)

The Rational Reminder Podcast

CHAPTER

The Importance of Money in QE

QE is probably a bit disinflationary meaning that it will likely cause inflation over time the rate of positive inflation to go down. The Fed doesn't go by groceries at Walmart and they're not competing for goods and services. A bank loan is more akin to money printing because a bank exists in the private sector. And so you know maybe it doesn't if you argue that there's asset inflation things like that.

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