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Richard J Murphy
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Comments by "" (@blackbulldog4897) on "What happens to all the money that disappears in a crash yt" video.
our government creates new £s every time it bus something/spends, that's every day.
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@davideyres955 Can you explain how MMT scoots around this?
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QE is an asset swap, reserves for Gilts. It reverses the original transaction when the Gilt was issued and swapped for reserves.
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