Russian households have amassed a record amount of bank deposits as they take advantage of historically high interest rates https://t.co/2nZYbJJuPy ...

美联储：美国上周银行存款18.368万亿美元，之前一周18.328万亿美元。 来源：滚动播报 ...

🇪🇺⛓️ "About $25 trillion in European bank deposits sit idle, according to @Spiko_finance, missing out on yields and capital efficiency, unlike in the U.S., where businesses routinely earn interest on cash without sacrificing liquidity." https://t.co/qnHqGZcept ...

Macroeconomic Critique - Macroeconomics has made little progress in a century, struggling with economic growth, fiscal, and monetary policy determinants [2] - Economists were surprised by the inflation of late 2021 and 2022, and recurring banking crises, due to misinterpreting central bank policies [3] - Economic models often lack banks, leading to failures in understanding banking crises [5] Money Creation and Banking - Most people incorrectly believe the government or central bank creates the majority of money [8] - Banks create most of the money supply through credit creation, not by lending deposits [9][10] - Banks create money by issuing loans, which legally establish an accounts payable liability to customers, represented as customer deposits [11] Banking System Structure and Economic Impact - A banking system dominated by a few mega-banks can lead to asset price inflation and boom-bust cycles [12] - Decentralized banking systems with small local banks lending to small firms can foster growth without inflation and asset bubbles [13] - East Asian economies achieved high growth through decentralized banking systems focused on productive business investment [14] Growth and Sustainability - Economic growth is a statistical fiction, not a physical reality, and is not inherently harmful to the environment [17] - The concept of economic growth is used by bankers to maximize interest charges on national debt [19] Central Bank Policies and Inflation - Quantitative easing (QE) policies have different effects depending on implementation; QE1 cleans up bank balance sheets, while QE2 boosts the economy [20][21] - Implementing QE2 in 2020, when demand was reasonable but supply was restricted, led to inflation [22][23] Policy Recommendations - Advocates for preventing centralized systems like central bank digital currencies, which could lead to less growth and prosperity [24] - Encourages the establishment of many small banks to decentralize the financial system and promote economic growth [24] - Decentralizing the financial system can create job opportunities in rural areas and support government policies to increase fertility [25][26][27]

Market Trends - Tokenized money market funds are gaining popularity [1] - Yield-bearing stablecoins may present a threat to idle bank deposits [1]

智通财经5月3日电，美联储数据显示，美国上周银行存款18.108万亿美元，之前一周18.105万亿美元。 ...