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The Fed can influence the money supply by changing the interest rate it pays banks on the reserves they are holding.
Knowledge
The understanding, awareness, or familiarity gained through experience or education by perceiving, discovering, or learning.
Science
The disciplined pursuit of knowledge, understanding, and truth through experimental observation, empirical evidence, and theoretical explanation.
Experience
Practical interaction with the world and the knowledge we gain through it. Today the term science tends to be limited to those questions that can and must be answered by reference to experience and extrapolations from experience.
Extrapolations
Predictions or inferences about unknown data made based on known or observed information.
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