The Federal Reserve Is Not in the Money Business

Allan greenspan: Federal reserve is not in the money business. We don't know if stocks are behaving rationally or irrationally. But that's not really about the stock market, is it? It's about the entire global economy. What he's saying is we can't keep track of oney for stocks, but by implication and by insinuation, we also can't keeping track of money for the real economy,. The federal reserve doesn't do money.