Redistributive Monetary Policy
Part 3 of "The 1 Theory of Money" focuses on monetary policy. It first contrasts the money and the credit view. Monetary policy redistributes wealth, ideally to the sector which is balance sheet constraint.
Part 3 of "The 1 Theory of Money" focuses on monetary policy. It first contrasts the money and the credit view. Monetary policy redistributes wealth, ideally to the sector which is balance sheet constraint.