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Why QE Is NOT Money Printing | Emil Kalinowski & Jeff Snider

Inflection Point

00:00

What the Hell Is Money in the Modern World?

Money should serve the economy and not the other way around. The fed does these acid baste of purchasing activities, large scale acid purchases, saps,. One form of one, which ssen, swaps what's called a bank reserve for an asset that a commercial bank holds. But in truth, as amil just said, i love the way he always calls it his laundry mat token. It's supposed to have some limited monetary use but is far from money.

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