A columnist in the New York Times noted, Normally when we say that a central bank like
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A columnist in the New York Times noted, “Normally when we say that a central bank like the Federal Reserve or European Central Bank creates money from thin air, it does so by buying up bonds.” How can a central bank “create money” by buying bonds? Doesn’t the government create money by printing currency? Briefly explain.
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Related Book For
Essentials Of Economics
ISBN: 9780134797731
6th Edition
Authors: R. Glenn Hubbard, Anthony Patrick O brien
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