> CB: Sure. How about M1 + M2+ M3+M4 ?
How about this: M(1)+M(2)+M(3)+M(4)+..+M(n-1)+M(n)+M(n+1)+...?
In other words, the summation of M(i) over i as i goes to infinity?
I guarantee you that it is not a finite number, given that the only
accounts for which there are reserve requirements are the so-called
transaction (that is, checking) accounts in the US. If you sum
infinitely many ones, the result is infinity, is it not?
^^^^
CB : Now that's interesting. Are you saying there is an infinite amount
of money in the world ?
^^
And some claim that Central Banks can still control the money supply.
Best,
Sabri
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