I hope it’s okay if I point out that Fed is not capitalized. Fed is short for Federal Reserve, so it’s not an acronym.

So the money supply is inflated when the Fed prints money and instructs the Treasury to auction more Treasuries? They must be working hand in hand. M3 is increasing 10% annually, so they are using money creation to control monetary policy. Yet, that part is not publicized or questioned at the Congressional hearings… the Senators barraged Bernanke with questions about interest rates but not a single one asked him about the other tool he uses to manage the monetary policy: money creation. No wonder we are all in the dark. “They” don’t want us to know.

Is there a list of how many Treasuries are bought by the Fed?

Why does Mish say we have deflation; deflation is a contraction of the money supply, yet M3 is growing.