“You said, “Nothing about monetary policy or market operations is available”
Rate targets is about monetary policy. Purchase and sale info is about market operations.”
Like I said before, I was referring to the parts of monetary policy. And like I said before it is illegal to audit them. I’m talking about categories of monetary policy, not specific bits of information that the fed decides to give us.
” You said, “Choosing who to buy bonds from based on how that person is related to them”
Are you under the impression that a Primary Dealer that makes a better offer when the FOMC wants to buy bonds will be passed over for a different Primary Dealer, “based on how that person is related to them”?
I guess you don’t know how auctions work?”
I already said that when is just like who because when the banks need to sell or buy bonds at different times. There is also how-much. Both of those things can equal who.
“You said, categorically that no info was available. You were obviously wrong.”
For an audit certain categories are unavailable by law. Whether or not bits and pieces or the whole of any particular category is given whenever the fed feels like it is irrelevant.
“Just because you mistakenly purport they give nothing, doesn’t mean you’re right.”
When auditing something you don’t ask them nicely for as much information they like to give. Whether or not they give “something” is irrelevant. If being audited by the IRS every category of information they need has to be available.
“Ask nicely? They give everything they are required to give, by an Act of Congress. You should read a book or something. A real one, not a conspiracy screed. I’m making progress, but at this rate, it could be years before you unlearn all your bad info.”
They don’t give everything that one might want. How many times must I post the number of things they aren’t required to give information about?
Whether or not they decide at any given time to give out tidbits beyond what they are required to do by law is irrelevant because if the information looked bad for them they wouldn’t necessarily release it.
So when you said nothing was available, you really meant something was available?
I’m talking about categories of monetary policy, not specific bits of information that the fed decides to give us.
You mean the specific bits they must give us by law?
I already said that when is just like who because when the banks need to sell or buy bonds at different times.
The Fed holds an auction when they need to buy or sell bonds, not when you imagine a specific primary dealer needs to buy or sell bonds.
For an audit certain categories are unavailable by law.
And certain areas are available by law. Glad you finally realize that.
When auditing something you don’t ask them nicely for as much information they like to give.
When auditing someones financial statements, you look at their financial statements. Kinda like when the Fed's financial statements are audited. Once a year.
If being audited by the IRS every category of information they need has to be available.
Exactly! So when the IRS audits your tax returns, should they be able to audit your medical records? If you withhold your medical records, are you somehow making their financial audit invalid? Incomplete?
They don’t give everything that one might want.
It's true, they don't give everything you might want.
How many times must I post the number of things they aren’t required to give information about?
I know what they must provide as required by law. How many times must I post that they do?
Whether or not they decide at any given time to give out tidbits beyond what they are required to do by law is irrelevant because if the information looked bad for them they wouldn’t necessarily release it.
How would it look bad for them?