Understanding Money Creation and Quantitative Easing

Exploring the creation of new money in the economy through bank lending, borrowing, and quantitative easing. Detailed explanations of how these mechanisms impact wealth, cash liquidity, and economic growth are provided, along with insights into the effects of government actions like quantitative easing and tightening. The chapter also discusses the implications of policy rate increases and quantitative tightening on various assets in the current economic landscape.