OK, Bank Reserves; Let’s Do This One More Time

By |2020-09-21T19:48:02-04:00September 21st, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

What the hell is a bank reserve? Is it money? Since its very creation is a byproduct of concerted central bank action, the thing sure sounds like it has to be. As we know only too well since 2008, the financial media will uniformly call these things and the creation of more of them “money printing.” If everyone says…Not only [...]