So-called "money supply" is always and everywhere an effect of economic activity, not a driver of it as 'market monetarists' assume. When monetarists claim they can plan money supply they're unwittingly saying they can plan economic growth. What a laugh.
from Forbes Real Time http://www.forbes.com/sites/johntamny/2017/07/09/cairo-il-the-federal-reserve-and-the-relentless-folly-of-market-monetarism/
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