3 ms·
Definitely. The M2 supply grew by about $4T last year, from $15T to about $19T, it's a lot, but it's about one annual federal budget in normal years. $4T is lik
by habitmelon 6y ago
Definitely. The M2 supply grew by about $4T last year, from $15T to about $19T, it's a lot, but it's about one annual federal budget in normal years. $4T is like 20% of GDP, not nothing, but not hyper-inflationary.
The question is will M2 grow by 20% per year, or is this a one-off?