JudgeHardcase on Nostr: This is true. Though, the bank reserve ratio is still much higher now than when there ...
This is true. Though, the bank reserve ratio is still much higher now than when there was a reserve requirement. Due to all the new money printing since the 2008 GFC (let alone 2020 and beyond), bank lending still has a long way to go to get the reserve ratio back down to pre-GFC levels (then, presumably, continue on to a zero ratio). In other words - believe it or not - we haven't even begun to feel the effects of a zero reserve requirement, yet.
Published at
2024-10-28 13:23:59Event JSON
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