The foreign sector mostly draining dollars from our real economy and then investing them in our financial economy
In the past, I used the name “MDuh” for bank-created money, the measure Friedman and Schwartz studied, not the measures they popularized
For this article, though, I’ll use “M63,” referring to the year they published their work.
Read more here
For this article, though, I’ll use “M63,” referring to the year they published their work.
Read more here
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