Anthro Apology | Bitcoin News

Thank you

https://www.ici.org/mmfs/current/16_mmf_reg_summ Money market funds do need to be short term debt instruments. No stock, no Bitcoin. My comment to my own comment (talking to myself) last time didn't make it through, so I did point out that banks CAN still make use of assets in money market funds by way of the repo market, but can't do the same with stablecoins which have to be 100% backed, based on my understanding. This seems to be the real rub -- stablecoins drain collateral from repo in much the way QE did. And if you'll recall, QE actually resulted in a fairly stagnant economy for most of the 2010's, as it doesn't mobilize those reserves it introduces unless there's a fiscal component. Stocks ran, sure, but main street lost a decade. I'll spare the book long rant but if this sparks curiosity I'd say check out some of Jeff Snider's work as it's not always intuitive how printing money at the bank can actually REDUCE broad money in circulation by removing the collateral the banks use to lend on.

Cheers!