gold, page-48845

Then there's more.........“The amount of currency in circulation is not changing…the money supply is not changing in any significant way.  What we’re doing is lowering interest rates by buying Treasury securities.”

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Bernanke was exactly right, goldbugs don't understand the money supply, like their heroes, Peter Schiff and Jim Rickards.
The fact is that by raising interest rates the Fed is 'unprinting' money.