6 Reasons Inflation is Higher than You Think
Tom Spencer
NOVEMBER 27, 2021
Figure 1 : Growth in M2 vs Growth in Price Level, 1950 – 2021. Figure 1 above shows that the black line (growth in the money supply) is almost always above the red line (growth in the price level) for the period 1950 to 2021. education, medical services, legal services). Figure 3 : M2 Money Stock, 1960-2021.
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