Brendan Greeley

speaker

127 appearances 1 recordings 1 series first heard Jul 2026 last heard 28 Jul

Brendan Greeley’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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Unhedged · The return of monetarism? · 28 Jul 2026 podcast

Yeah.

Following the Friedman playbook.

They're looking at the money supply as a variable that they can control.

Here's the challenge.

First of all, just the money supply is very difficult to measure.

So.

Despite what your uncle may believe about gold, all of our money sits on bank balance sheets.

So if we're going to add up the total sum of money in the economy, what we're doing is looking at different bank balance sheets and trying to figure out how to add them all up.

So the Fed is one of those banks.

Banks hold reserves at the Fed.

We call that M0, the most basic kind of money.

So deposits at the Fed, we call them reserves.

That's a form of money.

Bank deposits, which you and I use to pay our bills, which happen when banks make new loans.

That is another form of money.

You got to stack that on top of what the Fed has.

Then we start to get into harder to measure things.

We're looking at money market accounts and savings accounts and certificates of deposit.

These are all plain old loans from banks probably go on that loans from banks, different kinds of loans from banks.

Yeah.

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