the M2 money supply expanded from 15 trillion to ~22 trillion from 2020 to feb. 2022 Then 1 trillion or so was removed by apr 2023.
You’ll notice that inflation tacked that fairly closely. when there was an explosive growth of the m2, inflation was insanely high and then when some was removed, inflation began cooling off.
Is it possible that there’s some wiggle room, where the effects won’t be so bad? sure. Does that make it good economic policy? not really. COVID wasn’t about perfect, or even good. If you’re on fire, it’s natural instinct to start patting the fire out with your hand. It burns your hand, and that’s not good, but it’s better than burning to death, right? Same concept.
the M1 money supply is the vast majority of the m2 supply in 2020, it was 18 trillion and peaked at 21 trillion and then went down to 19.5 trillion. That’s not “80-90%”. That’s 16.67%
And once again:
The increased money supply caused rampant and near catastrophic inflation that is the root of today’s affordability crisis.
How high did the rate of inflation get compared to other countries and what was the US rate of inflation at the end of Biden’s term in office? What did the COVID19 pandemic do to the supply chains?
This is factually incorrect.
the M2 money supply expanded from 15 trillion to ~22 trillion from 2020 to feb. 2022 Then 1 trillion or so was removed by apr 2023.
You’ll notice that inflation tacked that fairly closely. when there was an explosive growth of the m2, inflation was insanely high and then when some was removed, inflation began cooling off.
Also, Please go study some history.
This is what caused hyperinflation in the Wiemar Republic
This also caused hyperinflation in Hungary,
This is what triggered hyperinflation in Zimbabwe
In fact, there are many countries that have experienced hyperinflation, in which printing money is a common factor.
Is it possible that there’s some wiggle room, where the effects won’t be so bad? sure. Does that make it good economic policy? not really. COVID wasn’t about perfect, or even good. If you’re on fire, it’s natural instinct to start patting the fire out with your hand. It burns your hand, and that’s not good, but it’s better than burning to death, right? Same concept.
I was referring to M1 https://fred.stlouisfed.org/series/M1SL
It looks like they have since clarified that they changed the definition without making a new graph, obfuscating the data
You’re still wrong.
the M1 money supply is the vast majority of the m2 supply in 2020, it was 18 trillion and peaked at 21 trillion and then went down to 19.5 trillion. That’s not “80-90%”. That’s 16.67%
And once again:
The increased money supply caused rampant and near catastrophic inflation that is the root of today’s affordability crisis.
So do you get the point yet?
How high did the rate of inflation get compared to other countries and what was the US rate of inflation at the end of Biden’s term in office? What did the COVID19 pandemic do to the supply chains?
The graph clearly goes from 4 trillion to over 20 trillion and I have already found why, clearly you didn’t even click on it. That is 80%