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That chart shows the federal reserve assets, not the total supply of dollars. It's a pretty interesting chart, but it doesn't support the statistic you quote
by shkkmo 6y ago
That chart shows the federal reserve assets, not the total supply of dollars. It's a pretty interesting chart, but it doesn't support the statistic you quoted.
- zoshi 6y agoThe chart for M1 (currency, demand deposits, and other liquid deposits) looks similar: https://fred.stlouisfed.org/series/M1 https://fred.stlouisfed.org/series/M1 That's about 30% of all US money supply created in 2020.
- shkkmo 6y agoI'm sorry, I don't have enough information on what those statistics mean. I'm not sure what that chart measures, but it shows a 4x increase in early 2020 which leads me to think it isn't saying what you think it's saying. While I don't doubt it relates to how the Fed manages the money supply, it doesn't say what you want it to say. If you are going to sell this point, you need a source that undstands and can break down the subject matter to explain what these charts are measuring and how that relates to the supply of US currency.
- TicklishTiger 6y agoThe Fed is the only source of Dollars. Banks only produce IOUs.