Excess reserves are near a record high: https://research.stlouisfed.org/fred2/series/EXCSRESNS
Banks are just sitting on their cash. Also, the Fed is paying the banks not to loan out this money, currently 0.5%.
Banks are just sitting on their cash. Also, the Fed is paying the banks not to loan out this money, currently 0.5%.
Forces business investment (or dividends), but promotes savings for individuals.
On a multinational scale penalizing Apple and Ford cash reserves, but not extending the same penalties to Samsung, Xiaomi or Toyota, gives the foreign players greater flexibility.