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When they so-called 'target the interest rate', what they're doing is controlling the money supply via the interest rate. the interest rate is only an intermediary instrument.
-Milton Friedman
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When They So-called 'target The Interest Rate',

Milton Friedman
When they so-called 'target the interest rate', what they're doing is controlling the money supply via the interest rate. the interest rate is only an intermediary instrument.
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Target Instruments Interest

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