"This book truly
is a must read."
-- Congressman Ron Paul
ADJUSTED MONETARY BASE
The Adjusted Monetary Base provides evidence of the Fed’s seriousness beginning at the time of the bailouts. A narrow measurement of money supply, the monetary base reflects the Fed’s Open Market operations. It consists of currency and commercial bank reserves with the Fed, so-called “high powered money” that is the basis for lending many times over in the fractional reserve banking system. It provides a clear look at Fed policy.
