m1 graph is incredibly misleading because they changed the definition, and even before it was still quite limited. Here's the real money supply https://fred.stl

m1 graph is incredibly misleading because they changed the definition, and even before it was still quite limited. Here's the real money supply https://fred.stlouisfed.org/series/WM2NS https://fred.stlouisfed.org/series/WM2NS