Q&A #80
What’s the deal with crypto? Is there a boom? In what? Did rate hikes depress collateral values enough to be real tightening? Was the Fed’s BTFP just free money? Why did they stop it? What can the US govt do to Russia? Does the Euro$ ledger use other currencies? Do bank reserves indirectly enter the Euro$ system? Why do term premiums explain US yields only at certain times? Was there a SOMA quirk in the Fed’s QT? How does that work anyway?
