Why nobody is talking about the removal of the bank reserve minimums in the US?

It was passed together with printing $700B and cutting FED interest rates to 0% but in my opinion removing the fractional banking reserve is the most significant one, since it will allow the greatest monetary expansion since now banks will be able to lend out almost as much as they want.

It goes into effect on 26th March. What do you think will happen?



Submitted March 23, 2020 at 05:42PM by TheCurious0ne https://ift.tt/2wkrgDL

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