Isn't There Still Money?

There's no longer enough money for us to grow at the rate that we're used to, says Jeffrey Sachs. The banking system is supposed to perform two functions under the uro dollar framework: credit creation and intermediation. But banks have gone in the exact opposite direction - they're no longer willing to lend to mam and pop because of all the reason there's no liquidity. We need a new way of doing things as its now preventing us from going back to the pre-crisis days," he says.

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