tag:blogger.com,1999:blog-5713178645208582139.post4545879944378129481..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: My Reply to Bruce BartlettDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5713178645208582139.post-25674712313239271952010-07-26T22:32:54.421-05:002010-07-26T22:32:54.421-05:00Exactly! Why don't people understand that incr...Exactly! Why don't people understand that increasing the <i>base</i> money supply is not the same thing as increasing the money supply? This is especially true when you are suppressing the multiplier by <i>paying banks to hold base money!</i><br /><br />It seems that a great many commentators assume that the quantity of base money that banks wish to hold is always less than the reserve ratio Lee Kellyhttp://www.criticalrationalism.netnoreply@blogger.com