I did say "primary mandate". I don't think that is controversial. >then we can raise taxes I totally agree that raising taxes is the right thing to do (as do

I did say "primary mandate". I don't think that is controversial. >then we can raise taxes I totally agree that raising taxes is the right thing to do (as do my smart friends and most economists ;) ). But that's not the lever the Fed has. And of course it's politically untenable. > Make everyone who was speculating on housing sell their investment homes. Agree there too. But that's not the lever the Fed has.