March 26, 2024

How The US Treasury Creates Money

50 minutes

In this episode, Nik is joined by monetary researcher Ritik Goyal. Ritik gives a masterclass on monetary mechanics, including how the Treasury creates money when it spends instead of borrows, why fiscal dominance and the interest income channel are contributing to strong GDP, and what the criteria would be for a recession. Monetary students should be prepared to go through this fantastic learning episode twice.

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