Inflation stems from of a broad supply & demand mismatch. Debasement comes from excessive financial and real money creation.
Banks pay each other using bank reserves and HQLAs - forms of money for the financial system.
Real economy money is created through credit by the government and commercial banks, and the central banks have little to do with it.
Banks pay each other using bank reserves and HQLAs - forms of money for the financial system.
Foreign Policy is a black box. Use these frameworks to understand it.
Inflation stems from of a broad supply & demand mismatch. Debasement comes from excessive financial and real money creation.