[kallanwelsh]

Thank you.

[kallanwelsh]

Bump?

[kallanwelsh]

1) Can private banks just *not* put their money (beyond required reserves and whatever healthy margin they need) at the central bank, and thus avoid paying the 0.1% fee while simultaneously not using the money to extend loans?

2) If the Federal Reserve is targeting 0.25%-0.50% for the federal funds rate, why would any banks extend overnight loans for less than 0.50% if the Federal Reserve is paying 0.50% on excess reserves? (According to this https://apps.newyorkfed.org/markets/autorates/fed%20funds the most recent daily rate averaged 0.38%.) Why are banks extending loans at 0.38% when they can keep the funds parked at the Fed for 0.50%?

Thank you.

[kallanwelsh]

There’s nothing “inherently” wrong with the loss of manufacturing jobs to other countries/overall, if that is what is most economically efficient. I think Peter Schiff is more commenting on government intervention which makes manufacturing in the US relatively less profitable.

It would be better that most/all government regulation not exist and allow the free market to determine where things get made.

I’ve certainly never heard Schiff say we should devalue our currency to make American manufacturing more competitive.

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