Watch this AI-generated video discussing the latest Macro Watch On Substack video, “QE Again and Forever.”
It was created using NotebookLM, is 6 minutes long, and is freely available for everyone to watch.
Topics covered include:
• Why the Fed’s new program of Reserve Management Purchases (RPMs) is just more Quantitative Easing by another name.
• The hugely consequential shift in Fed policy toward creating money every month in perpetuity.
• How the Fed is gifting the big banks hundreds of billions of dollars in subsidies at taxpayers’ expense.
• Why the US may have a very different kind of central bank before the end of this year.
For much more detailed analysis of these issues, Macro Watch On Substack subscribers can watch the full presentation “QE Again and Forever” uploaded on December 31st.
