82.3 The Federal Reserve is NOT a Central Bank Pt. 3 ———Ep 82.3 Summary———Central banks inject liquidity into money markets to PREVENT a crisis. Let us review the last 14 years: Global Financial Crisis I (2008), European Sovereign Debt Crisis (2011), Chinese Reserve Crisis (2015), Global Financial Crisis II (2020). Not too good. Do they know what they’re doing? ———See … Continue reading Eurodollar University’s Making Sense; Episode 82, Part 3: What Is A Central Bank, And Why Isn’t The Fed One?