21 sats \ 0 replies \ @TomK OP 27 Mar \ parent \ on: Federal Reserve posts billions in losses econ
We'll see. I follow the thesis that balance sheet crisis of CBs can lead to loss of confidence and hyperinflation. There is an interesting work by Rechsteiner on this topic: https://jscholarship.library.jhu.edu/bitstream/handle/1774.2/40915/BT-Rechsteiner.pdf