>I understand what you're saying, but it's worth noting the M1 definition changed in 2020 to "recognize savings deposits as a type of transaction account". I h

>I understand what you're saying, but it's worth noting the M1 definition changed in 2020 to "recognize savings deposits as a type of transaction account". I have read about this claim. Interesting that they changed this definition at the same time as the pandemic and pandemic stimulus/QE? Why didn't they do it 5 years ago during a boring time while everything was under control? https://tradingeconomics.com/united-states/government-debt https://tradingeconomics.com/united-states/government-debt Gov debt increase ~6 trillion. https://tradingeconomics.com/united-states/central-bank-balance-sheet https://tradingeconomics.com/united-states/central-bank-bala... Central bank about ~5 trillion. Those are separate accounts. $4 trillion missing? It's just a definition change, but the 11 trillion never made it to money supply? Wonder where it went. M2 is looking rather vertical as of late. Still printing more and more eh? Lets assume that I am wrong and it's just a change in definition; afterall who am i but an anonymous name on the internet. If I'm the fed, it's business as usual. Not going to do anything at all about this. Going to sit back and watch inflation climb. 8.5%? No, nothing to worry about. Dont need to do anything. We only changed a definition. Yes, inflation is increasing faster than previous intervals despite hiking interest rates and even repo rate. Nah, nothing to worry about. Nothing to do here at all. I can't wait to see what happens.