Operation Twist didn’t expand the monetary base — unlike TARP, QE1, QE2, QE3 and QE4. Without base expansion, we see deflation.
VIA: barondayne.blogspot.se/2013/01/monetary-base-and-pog.html
Monetary Base and $PoG
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Operation Twist didn’t expand the monetary base — unlike TARP, QE1, QE2, QE3 and QE4. Without base expansion, we see deflation.
VIA: barondayne.blogspot.se/2013/01/monetary-base-and-pog.html