Covid crisis has triggered a lot of comparisons with WWII finance.
Fed was important. But private sector bought 87% of WWII debt issuance in US with commercial banks absorbing 31% v. Only 13 % Fed.
V interesting this @DanielaGabor
som.yale.edu/blog/war-finan… https://t.co/W8K9LGaxWm
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…