3 ms·
I don't really care about what Cato said or what "libertarians" say. I'm just concerned about the unprecedented growth of the money supply and the fact that pre
by bko 5y ago
I don't really care about what Cato said or what "libertarians" say. I'm just concerned about the unprecedented growth of the money supply and the fact that pretty much all financial assets are up 30% above pre-covid levels.
2008 hysteria was about spending, not growth in money supply. Here's the log growth of M2 money supply over the last 20 years. See if you notice anything interesting
2000-01-01 5.30%
2001-01-01 6.13%
2002-01-01 8.41%
2003-01-01 5.69%
2004-01-01 3.94%
2005-01-01 4.94%
2006-01-01 4.43%
2007-01-01 5.21%
2008-01-01 5.20%
2009-01-01 8.65%
2010-01-01 1.84%
2011-01-01 3.64%
2012-01-01 9.12%
2013-01-01 6.79%
2014-01-01 5.44%
2015-01-01 5.02%
2016-01-01 4.93%
2017-01-01 5.71%
2018-01-01 3.75%
2019-01-01 3.72%
2020-01-01 6.16%
2021-01-01 22.51%