Fictional Reserve Lending Is The New Official Policy
Mar 28th 2020 9:15pm EDT
Fictional Reserve Lending Is The New Official Policy Authored by Mike Shedlock via MishTalk, Official policy finally caught up with reality. Reserves are fictional. Official Announcement With little fanfare or media coverage, the Fed made this Announcement on Reserves. As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March […]
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