Why QE Is NOT Money Printing | Emil Kalinowski & Jeff Snider
Inflection Point
00:00
What's in Your Pocket?
Starting in the mid 19 fifties or so, private banks took over. They started creating the vast majority of credit collateral money that the world runs on. By this point, the central bank had been a generation or two or three out of the ness of creating, defining, identifying money that's useful. And they do create a kind of money that i call a londramet token. That gets a lot of publicity. You know, it's it to emil. Most the public' perception of money is those funny looking pieces of paper in their pocket. But you go back in timean in academic scholarship and central bank scholarship do talk ing tho thirties and for
Play episode from 03:26
Transcript
