The Economic Impacts of COVID-19: Evidence from a New Public Database Built Using Private Sector Data. (2020, May 7). Opportunity Insights. https://opportunityinsights.org/paper/tracker/

COVID-19 and the Labor Market. (n.d.). IZA – Institute of Labor Economics. Retrieved October 11, 2020, from https://covid-19.iza.org/publications/dp13625/

Eichenbaum, M. S., Rebelo, S., & Trabandt, M. (2020). The Macroeconomics of Epidemics (Working Paper No. 26882; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w26882

Ludvigson, S. C., Ma, S., & Ng, S. (2020). Covid19 and the Macroeconomic Effects of Costly Disasters (Working Paper No. 26987; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w26987

Coibion, O., Gorodnichenko, Y., & Weber, M. (2020). Does Policy Communication During Covid Work? (Working Paper No. 27384; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27384

Hartley, J. S., & Rebucci, A. (2020). An Event Study of COVID-19 Central Bank Quantitative Easing in Advanced and Emerging Economies (Working Paper No. 27339; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27339

Çakmaklı, C., Demiralp, S., Kalemli-Özcan, Ṣebnem, Yesiltas, S., & Yildirim, M. A. (2020). COVID-19 and Emerging Markets: An Epidemiological Model with International Production Networks and Capital Flows (Working Paper No. 27191; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27191

Bigio, S., Zhang, M., & Zilberman, E. (2020). Transfers vs Credit Policy: Macroeconomic Policy Trade-offs during Covid-19 (Working Paper No. 27118; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27118

Eichenbaum, M. S., Rebelo, S., & Trabandt, M. (2020). Epidemics in the Neoclassical and New Keynesian Models (Working Paper No. 27430; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27430

How did this system work in 2011? What has changed in the years since? Are things still pegged? And if so, at what relative to 2011?

The Cost of the COVID-19 Crisis: Lockdowns, Macroeconomic Expectations, and Consumer Spending. COVID-19 and the Labor Market. (n.d.). IZA – Institute of Labor Economics. Retrieved August 7, 2020, from https://covid-19.iza.org/publications/dp13224/

Pettifor, A. (2020). Rebuild the ramshackle global financial system. Nature. https://doi.org/10.1038/d41586-020-01507-1

I'll have to read the other article, but I'll note that a great deal of money creation--even before the advent of cryptocurrencies--has long been in private, not public, hands. Extending credit or making loans creates money. This is basic macroeconomics.