Replying to Avatar Alfador

I see. Thank you for the explanation. So according to the chart, the BOJ and ECB are currently contracting monetary supply at a greater rate than the fed, so those with access to relatively cheap capital in the US will be able to take advantage of the consequences of tightening in those other monetary regimes?
Avatar
Rune Østgård 2y ago

If the monetary supply reflects the reduction of the balance sheet, that might be the case yes. I've written about how this political game played out in the 1920s in my book, Fraudcoin.

Reply to this note

Please Login to reply.

Discussion

Avatar
Alfador 2y ago

I see, thanks for answering my naïve questions, this is not my area of expertise but I'm learning. I'll check your book out, sounds interesting