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> You linked to a chart showing a 10% decrease in the monetary base from peak, even including the run-up since February. You should compare today's figures wit

• JumpCrisscross 3y ago
  > should compare today's figures with 2010 figures, not the ones from a year ago Nobody will argue we didn’t print money in the last decade. Per unit of GDP, we have 22% more money than we had ten years ago [1]. Implying recent bank failures are causing that to increase is false, and in some ways backwards. [1] https://fred.stlouisfed.org/graph/?g=lJS https://fred.stlouisfed.org/graph/?g=lJS
  • jarym 3y ago
    The amount of $ measured in terms of US GDP (also in $). That way of comparing things is fraught with issues
    • JumpCrisscross 3y ago
      > amount of $ measured in terms of US GDP (also in $) It’s convention because it cancels out a lot of noise. (Both nominal.) And there are practical reasons for a larger economy needing more money to work than a smaller one. But if you prefer, it can be calculated in various ways, all of which tell a similar story: we’ve been in a different regime for the last 1 to 3 years in which there is less money, and a regime before that since 2008 when there was a lot more money.