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<p>[QUOTE=&quot;Cloudsweeper99, post: 1545867, member: 3011&quot;]Not at all.&nbsp; In the first instance, I correctly indicated that the inflationary effect of creating a dollar to buy a bank asset is offset by the deflationary effect of the asset removal.&nbsp;&nbsp; And the inflationary effect of the government borrowing a dollar is offset by the deflationary effect of adding a dollar of debt to be serviced.</p><p>In the second, I indicated that MB has no impact on the other M’s such as MZM which excludes MB, which is also a correct statement.</p><p>In the third, I correctly stated that the Fed is adding liquidity to the banks to prevent deflation.</p><p>So you can remove context and try to change words and meanings, as you are wont to do, but everything is there for anyone to read and see your deception.[/QUOTE]</p><p><br /></p>

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