"The Fed does not target the total supply of dollars because you can’t aim at something you can’t see. Instead,

"The Fed does not target the total supply of dollars because you can’t aim at something you can’t see. Instead, like most central banks, it relies on a single interest rate and a massive assumption” this essay by @bhgreeley is great.
ft.com/content/8ed6a9… https://t.co/E3zfnQUQR1

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