re: #345 Sharmuta

I guess the question is- how much does Congressional monetary policy affect the Fed’s ability to deal with the economy?

Clever, clever. Reminds me of old joke about the man who is sick of his wife always talking about herself. So she says, “Let’s talk about YOU. What do YOU think of my hair.”

I’ll give it a rest for now, just try to be gentle on us non-Paulians who find monetary policy and critical thinking about the Fed to be important topics. One last note. As a technical correction, Congress does not set monetary policy. They spend the money, but they do not directly control the basic supply, availability, etc.