Krugman on monetary creation
October 08, 2009 at 09:09 AM EDT
[Skip to the end] Still chasing shadows? > > (email exchange) > > On Wed, Oct 7, 2009 at 4:39 PM, Eric wrote: > > It’s hard to get it more backward than this: > Yes, this is telling: “The banks don’t need to sell securitized debt to make loans — they could start lending out of all those excess reserves they currently hold. ” > > He is [...]
