Since the money supply (M2, eg) includes the monetary base (M0), the link is confused (at least about nomeclature.) Monetary base in red (you can see where the

Since the money supply (M2, eg) includes the monetary base (M0), the link is confused (at least about nomeclature.) Monetary base in red (you can see where they started printing in the past few years), Money supply in blue http://research.stlouisfed.org/fred2/graph/?g=kcD# http://research.stlouisfed.org/fred2/graph/?g=kcD#