Thread by @i9theghost5, No more Gold pegCentral Bank can issue reserves as much as it [...]

TheGhost

i9theghost5

No more Gold peg

Central Bank can issue reserves as much as it wants

Commercial Banks can originate new loans on the new reserves

Couple that with dealing interest rates since 1981

And BOOM

#macro

No more Gold pegCentral Bank can issue reserves as much as it wants Commercial Banks can originate new loans on the new reserves Couple that with dealing interest rates since 1981 And BOOM #macro

Pretty crazy huh

One decision that tilts everything

From @WTF_1971

Fantastic thread about Asset prices by @RaoulGMI

1971 changed everything ... it's all connected

#Macro #economy https://twitter.com/RaoulGMI/status/1361509921624317952

https://twitter.com/RaoulGMI/status/1361509921624317952

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