3 ms·
> Of course it's the biggest ever, there is more money in circulation than ever before. Did the amount of money in circulation double like their profits did?
by boomboomsubban 4y ago
> Of course it's the biggest ever, there is more money in circulation than ever before.
Did the amount of money in circulation double like their profits did?
- febeling 4y agoNo, it went up 500X (USD, 1923-2023). https://fred.stlouisfed.org/series/CURRCIR https://fred.stlouisfed.org/series/CURRCIR
- boomboomsubban 4y agoThe profits more than doubled from 2021 to 2022, the amount of money in circulation did not. Plus this is a worldwide thing. And does currency refer to bills/coins or "money?"
- febeling 4y agoCurrency is just bills and coins. You know, we did some weird stuff with M1 in 2020, but if you must see it, here you go: https://data.oecd.org/money/narrow-money-m1.htm https://data.oecd.org/money/narrow-money-m1.htm
- walthamstow 4y agoWhat I mean is that telling me in the headline that it's their biggest profit in 114 years does not mean anything to me, it doesn't give me any scale of the achievement, because lots of things today are much bigger than any time in the last 114 years: population, money circulation, GDP/GNI, resources consumed The final sentence in my comment makes this quite clear, I think.