Subject: What Are Bank Reserves?
What Are Bank Reserves?
May 30th, 2019 at 5:15 pm +07What Are Bank Reserves?When the crisis of 2008 began, the Reserves that commercial banks hold in their accounts at the Fed soared from $21 billion in 2007 to $2.4 trillion in 2014. Many commentators concluded that the Fed’s policies and Quantitativ ...
Seigniorage: Simple, Short and $1.7 Trillion Sweet
May 16th, 2019 at 1:34 pm +07Seigniorage: Simple, Short and $1.7 Trillion SweetThe new Macro Watch video describes the enormous windfall profits the US Government and, therefore, US taxpayers earn as the result of Seigniorage every year. Seigniorage is the profit a government ma ...
Looser Monetary Policy Will Be Required
May 2nd, 2019 at 4:43 pm +07Looser Monetary Policy Will Be RequiredAs recently as 1969, US savings were sufficient to fund all US debt. How things have changed. Last year, the US had only enough savings to finance 22% of all its debt. During the years between 1969 and 2018, the ...