14p2YkJcMmj8JgpwAihBe6i2JGJ5LHSqKJ (1512) ·
Great question. Currently: Commercial banks who pick who to loan to, and the State who issue treasury bonds, and the central banks who choose when and where to QE.
Who should? Perhaps that's your point - you can't?
https://twetch.app/t/8c80677605351919f0385891d272d052d2da62b7052d77e94a48eaa01aa501ba
Replies
19gAUDU4VQoVuLgeL9pwTepPsZonqvALhv (678) ·
central banks, but most of the lending happens in commercial banks. This is why we are screwed now.
19gAUDU4VQoVuLgeL9pwTepPsZonqvALhv (678) ·
watch the movie "Princes of the Yen" to get a feel for it
1JM6coFyyc8qFtVR55wyNVECC69uwotQHL (2223) ·
Whoever issues new money robs purchasing power from people who save and redirect any new productivity from economic growth into their own accounts in the form of the new money. It is better when your money gains from widely increased economic production.
14p2YkJcMmj8JgpwAihBe6i2JGJ5LHSqKJ (1512) ·
Commercial banks compete at least, which is good.
Thanks for the recommendation.