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The Fed has mandate that has nothing to do with the motivation of the banks. That's a huge difference - they create money for entirely different reasons. And ye
by taysic 8y ago
The Fed has mandate that has nothing to do with the motivation of the banks. That's a huge difference - they create money for entirely different reasons. And yes, the Fed has an enormous macroeconomic impact obviously.
- brianpgordon 8y agoI don't think you actually responded to anything that I said, so I'm not sure how to reply. Did you just sort all of the words in my comment and pick some at random to respond to?
- deleted 8y ago[deleted]