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. Figure 3 : M2 Money Stock, 1960-2021. A period of aggressive QE could persist for some time.
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