QUESTION: Hello, Since the Fed ‘created’ ‘money’ after 2008 that was then deposited back at the Fed by the recipient banks ( say,75% of it), it is not easy to see why the Fed is to blame for the credit explosion since 2008- nor for the very slow ( like a paralytic centipede) hike in Fed Funds that seems already as I write to be seen as a problem.
…………………..
The Fed Relies Indirectly on the Banks & Cannot Stimulate the Economy Directly
Es gibt drei Arten von Menschen, diejenigen, die sehen, diejenigen, die sehen, was ihnen gezeigt wird und diejenigen, die nicht sehen.
— Leonardo da Vinci