(a) What would happen if reserves were required to correspond to the liquidation value of the collateralized assets?
(b) What would happen if an asset could only be collateralized once?
(c) What would happen if credit expansion must come from the treasury, not from expansion?
Source date (UTC): 2022-11-29 18:30:45 UTC
Original post: https://twitter.com/i/web/status/1597659345676029952
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