Lender and borrower of resort, by the way

For all the Keynesian fools who think this time is different, you are are still  one color, no corridor with the lender of last resort.

What is a currency banker that is both lender and borrower of resort?  That bank is market maker between deposits and loan queues. It is putting its little chits into the deposit and loan queues so that their generator skew is aligned and ratio works. The corridor is a must have, without it we are doomed to depression cycles. The folks at MIT lied about this.