Not Hard Core Porn: Can the Fed Constrain the Money Supply? This is a continuation of the discussion started in Bill Mitchell's recent blogpost ( My response to a German critic of MMT – Part 1) http://bilbo.economicoutlook.net/blog/?p=38964#more-38964 Please free to check in as a comment if you'd like further clarification on the issues raised in the blogpost. Francisco J. Flores Also don't forget the doggy's blurb for the path to a better world:   http://mmt-inbulletpoints.blogspot.com/2017/09/im-just-responding-to-various-economic.html The Initial 2 Posts: Francisco J Flores   says: Tuesday, March 27, 2018 at 0:03 This is actually a question: RE: “….but cannot control the broad money supply or the volume of “central bank money” in circulation…. This might seem a little confused. On the one hand, the government is a monopoly issuer of its own currency but then cannot control the volume in circulation. … The way to understand it is to realise th...