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<p>[QUOTE=&quot;fatima, post: 1545833, member: 22143&quot;]I can understand why Bernanke doesn&#039;t have you on speed dial.&nbsp; &nbsp;&nbsp; You have directly contradicted yourself.&nbsp;&nbsp; The following is how the Federal Reserve works according to Cloud...</p><p><br /></p><p>i.e.&nbsp; <b>an increase in MB = a decrease in M and this causes deflation</b>,&nbsp;&nbsp; Yet..... you then said:</p><p><br /></p><p>&nbsp;i.e.&nbsp; <b>an increase in MB = no effect on M and deflation</b>&nbsp; and finally......</p><p><br /></p><p>i.e.&nbsp; <b>an increase in MB = an increase in M and this prevents deflation</b></p><p><br /></p><p>:too-funny:</p><p>---------------------------------------------</p><p><br /></p><p>So in the same topic, you state that when the Federal Reserve increases the Monetary Base, it causes deflation, it prevents deflation and it has no effect on anything.&nbsp;&nbsp; No further comment needed.[/QUOTE]</p><p><br /></p>

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