"money comes from somewhere (income or borrowing) and goes somewhere (spending or lending). "
Doesn't this gloss over the fact that the monetary expansion in the Fed's balance sheet, as represented in the first figure in the blog, came from nowhere?
Your blog has been very helpful for me to understand how money and banking operate. I hope you get back soon. From Korean follower
we love you man (turkish followers)
"money comes from somewhere (income or borrowing) and goes somewhere (spending or lending). "
Doesn't this gloss over the fact that the monetary expansion in the Fed's balance sheet, as represented in the first figure in the blog, came from nowhere?
Your blog has been very helpful for me to understand how money and banking operate. I hope you get back soon. From Korean follower
we love you man (turkish followers)