I’ve heard that this happens through banks, but what financial mechanism is used to do this? It can’t simply be “Hey Chase Bank, here’s $100 million for free”.
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They’re all “temporary measures” that are kinda at this point extended into perpetuity.
The only money the fed prints is loaned out. They don’t give chase 100 million for free they loan it at cheap rates, they choose these rates to manage the economy, high rates to slow growth cause high rates means chase will only loan that money at high rates not acceptable to everyone, and low rates to stimulate growth.
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