I agree with Vince. It's the fact that their is strong deflationary pressures working against the large increases in the supply of money (Check out Jim Rickards' analogy to a game of tug of war) ...
Chris,I have a graduate degree in Economics and don't understand your reasoning.Please explain:Under our Fractional Reserve System,the banks' excess reserves will eventually lead to double digit ...
Chris, To put it short : - Bank can NOT lend any money without having reserves and I'm sure you know what % it is very well. "..government is printing a lot of money, and that this is inflationar...
Another great entry Chris, keep up the good work! And thanks to Daily Reckoning for providing a venue for people to better learn the mechanics of our monetary system.
This impossible to get MONEY out is by design, Bernanke called it sterilized, if you remember. The banks lent to deep pockets willing to buy commodities in 09. Second mice will get the cheese.