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    frogzone@wizard.casa's status on Friday, 08-Nov-2024 17:57:03 JSTfrogzonefrogzone

    Five year ago today in 2019 the '(not) federal' Reserve was printing about 10 billion per day becasue the banks we're not trusting each other in the overnight lending market.

    this was called the #repocrisis (short for 'repossession')

    #thefed never stopped printing the money, the repo crisis sort of just morphed into #coronavirus crisis in 2020.

    In conversationabout 4 months ago from wizard.casapermalink
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