Share this postMacleodFinance SubstackRecorded yesterday with Liberty & FinanceCopy linkFacebookEmailNotesMoreRecorded yesterday with Liberty & Finance1 February 2023MacleodFinanceFeb 01, 202420Share this postMacleodFinance SubstackRecorded yesterday with Liberty & FinanceCopy linkFacebookEmailNotesMore6SharePreviousNext
Alasdair always provides the big, long term picture that no one else seems interested in.
If the bank issues a bond in any currency, it is not an asset but a liability to the bank. But it will increase the amount of credit it can create.