Toddsterpatriot
Diamond Member
most importantly the Fed's purpose is to determine how much money we need.The Fed is a clearinghouse of sorts, for other banks.
If they print too much we have inflation and too little deflation. Do you understand?
the Fed's purpose is to determine how much money we need.
The monetary base is a bit over $4 trillion. The money supply is much larger than that.
How do you explain the difference?
we have a fractional system, next
And?