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2min chapter
Explaining Macroeconomics, The Fed, Interest Rates and Valuations (with Matt McBrady)
ACQ2 by Acquired
The Shadow Banks
Mandela: There's so many different ways to get money that have nothing to do with the conventional banking system. Mandel: That's arguably why this monetary policy doesn't work any more. He says there are lots of participants in the ecosystem now who are willing to bear risk y. And it's interesting, cas only when you can get cash or something you can finance out of those. It's just another source of generating purchasing power which is not really responding to conventional monetary policy.
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