I disagree, I think the sudden disappearance of credit and cash flows due to the pandemic would plunge the world in a much more painful crisis if it was not by the central banks injecting liquidity into the system.
Post by twetch#1489
I am not a fan of the system, though. I think the incentives on the credit creation are misplaced. This part of the system is responsible for crisis that push governments away from hard money.
What the chain says
- Block
- 635 515
- Time
- 2020-05-19T00:15:13Z
- Signer
- 1G7DLq695juhR7QFz5jn1AaXH55Hxn4kZS
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#1489
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1G7DLq695juhR7QFz5jn1AaXH55Hxn4kZS Verified