David Kotok attempts to clear up misconceptions about currency intervention, noting the key is...

|By:, SA News Editor

David Kotok attempts to clear up misconceptions about currency intervention, noting the key is whether it is sterilized or not. In a sterilized transaction, an offsetting trade is made, negating the effect on the money supply. Unsterilized means money gets printed out of thin air. Today's intervention: unsterilized.