To repeat, nothing supercharges a money supply more than a banking system willing to create money by pyramiding loans, investments and deposits on top of its excess reserves.
As we have discussed in the past, nothing supercharges a money supply more than a banking industry willing to create money by pyramiding loans, securities and deposits on top of its reserves.
As we have discussed several times in this space, nothing supercharges a money supply more than a banking system willing to create money by pyramiding loans, investments and deposits on top of its excess reserves.