In the Wall Street Journal, David Malpass of Encima Global LLP says this: “Rather than creating or printing money, as is often assumed, the Fed borrows heavily from banks to buy bonds, setting arbitrarily low interest rates and diverting credit away from job creators….
In the Wall Street Journal, David Malpass of Encima Global LLP says this: “Rather than creating or printing money, as is often assumed, the Fed borrows heavily from banks to buy bonds, setting arbitrarily low interest rates and diverting credit away from job creators….
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