This is adjusted for CPI inflation, but asset prices have inflated far more than consumer good prices. The 12.5 fold [1] expansion of the money supply since 200

This is adjusted for CPI inflation, but asset prices have inflated far more than consumer good prices. The 12.5 fold [1] expansion of the money supply since 2008 has, according to some analysts, flowed to assets. [1] https://fred.stlouisfed.org/series/M1SL https://fred.stlouisfed.org/series/M1SL