[ThePythonicCow]

The use of quantity of money as a target has not been a success.

Actually, once the Fed target rate got down to 2 percent, I suspect the Fed switched from targeting a rate, to targeting the quantity of MZM (Money of Zero Maturity).

When the economy is humming along in an apparently more healthy state, it makes sense to target the Fed funds rate.

In times of severe distress, it makes more sense to target the quantity of money.

[screaminsunshine]

Maybe Park Place and Boardwalk will be a better deal.

[pabianice]

I notice not one word on House Repubs being on board.