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A comment on Show HN: M1 Chart – The stock market adjusted for the US-dollar money supply. Parent comment

Re:Show HN: M1 Chart – The stock market adjusted for the US-... by tylerhou on Saturday February 13, 2021 @09:56PM (#26129243)
Exactly — this is nowhere close to MMT. Stabilizing the price of the USD during recessions is literally the definition of Keynesian.
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Re:Show HN: M1 Chart – The stock market adjusted for the US-... by ric2b on Wednesday February 17, 2021 @09:24AM (#26166563)
> Stabilizing the price of the USD during recessions is literally the definition of Keynesian.

Except the reverse doesn't happen (since the gold standard was dropped), so it's at best "half-Keynesian":

https://fred.stlouisfed.org/series/fedfunds

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