How the Fed's "Money Printer" Really Works

Ben Felix explains how central bank money creation and quantitative easing actually work, and what they do and do not imply for asset prices and currency. He addresses the common belief that the Fed prints unlimited money and props up markets.

HN 推荐的原因： HN users point to it to correct the 'money printer go brrr' view and as a clear explanation of how banks create money through loans.

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