What if the Fed is not guilty
The currently most popular graph in the world doesn't show what the pundits think it does. (correcting typo. In the formula I typed "Q" for "G"
In the world of punditry, currently there is no more popular graph than the one below It shows the M2 money supply growing by more than a third from the onset of the pandemic in January 2020.
A longer term graph would make the point even more dramatically: for as far back as the Fed data shows, which is 1960, the money supply has never grown so fast.
QED…
Keep reading with a 7-day free trial
Subscribe to The Next American Century to keep reading this post and get 7 days of free access to the full post archives.