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A comment on The ballooning money supply may be the key to unlocking inflation in the U.S.. Parent comment
Only if there is a net margin between what the central bank pays on reserves and what the bank has to pay out on the matching deposits.
Once central bank renumeration gets low, the cost of unsecured deposits matches or exceeds the central bank remuneration because of the draw to cash.
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Only if there is a net margin between what the central bank pays on reserves and what the bank has to pay out on the matching deposits.
Once central bank renumeration gets low, the cost of unsecured deposits matches or exceeds the central bank remuneration because of the draw to cash.