Eccles Building Idiocy---Fed Pays Banks on Borrowed Excess Reserves

Not only do banks earn free money on excess reserves, they can borrow money and make guaranteed free money on that.

 

 

https://moneymaven.io/mishtalk/economics/st-louis-fed-discloses-more-free-money-a-carry-trade-in-liquidity-Tm_fsBFG9EGsZXSSpbUPAA/

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