The objective is to make money, not hit a specific money supply target.
dear, we are not concerned about their objective to make money but rather how they control the money as you claim they do. So far you have conceded that their object is to make money not coordinate to control the money supply. Perhaps you feel their second objective is to coordinate and control the money supply??
dear, we are not concerned about their objective to make money but rather how they control the money as you claim they do.
I told you how. Making loans increases the money supply. Paying off loans shrinks the money supply.
So far you have conceded that their object is to make money not coordinate to control the money supply.
You're the one who feels banks have to co-ordinate to loan money.
Let's get back to your claim that the Fed has total control of money supply.
Why do you feel that?