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<p>[QUOTE=&quot;fatima, post: 1548218, member: 22143&quot;]Banks do not control MB.&nbsp; You responded to my statement on MB.&nbsp;&nbsp; Let&#039;s review what you said again.&nbsp; </p><p><br /></p><p>According to Cloud, when the Fed increases MB the following happens:</p><ol> <li><b>an increase in MB = a decrease in M and this causes deflation</b></li> <li><b>an increase in MB = no effect on M and deflation</b></li> <li><b>an increase in MB = an increase in M and this prevents deflation</b></li> </ol><p><br /></p><p>All simultaneously too.&nbsp; Of course it&#039;s completely wrong as well.[/QUOTE]</p><p><br /></p>

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