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Keep in mind that there were 48% more US dollars in existence in November 2021, than in January 2019. That's a 15.0% increase per year. Most of this happened in
by ruuda 5y ago
Keep in mind that there were 48% more US dollars in existence in November 2021, than in January 2019. That's a 15.0% increase per year. Most of this happened in March–May 2020. https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2SL
- ur-whale 5y agoAh but just wait, there is an entire horde of people on HN that will more than happy to explain how what you just said and inflation are entirely uncorrelated phenomenons.
- pessimizer 5y agoI can't believe we had 48% inflation, I must have missed it.
- jjcon 5y agoWell they also changed the definition of M2 (how many dollars are used in calculations) in May 2020.