No, you are not putting those words in my mouth. The FED can control the money supply if they so choose, just as I said. Doing so will probably cause adverse interest rate impacts, but the FED can pick a monetary aggregate measure and control it within about the same degree of precision with which it can be measured in the first place. MZM did not grow by $2T in the last 12 months without the FED taking active measures to make it grow by $2T in the last 12 months.