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Since when did Central Banks not create new money?

They may create fiat currency either in paper or virtual (QE) form opaquely as de facto and unacknowledged agents of Treasuries, but they still do so.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Mon Aug 15th, 2011 at 11:04:24 AM EST
[ Parent ]
Since they are not usually supposed to take equity risk onto their books.

Of course they do it anyway, but that's because they're busy usurping Treasury functions.

- Jake

Austerity can only be implemented in the shadow of a concentration camp.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Aug 15th, 2011 at 12:42:05 PM EST
[ Parent ]

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Occasional Series

24 July 2014
by dvx - Jul 23
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