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Poster: i <3 boobs and donuts
Subject: RE: Are we actually slipping into a depression?
Body:
TCB wrote:

A final point: the Fed can't create inflation if banks don't lend out the money that it is giving them. If the Fed and Mint printed $100 trillion and then dropped it into the Marianas trench, would there be any inflation in the dollar? No, of course not, because it is not "in" the economy. Banks haven't been lending money out because the future has looked so uncertain and bleak for so long that they would have to be stupid to do so.


Money printed for the purpose of capitalizing banks enters the economy as soon as the banks receive it. The bank's vaults (figuratively speaking) are part of the circulation of money.
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