A picture is worth $200 billion dollars. Borrowing by banks to cover demand deposits because their assets have less value than their liabilities. Graphic from the St. Louis Fed.
I’d be curious what it would be in relation to the value of money over the years. ie. I know that central banks where not as strong before the Great Depression, but still there is a wiggle there. How much was lent and what would of been its worth?
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Tags: Banks, Economy, Finance, government, Math
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