a Better Bubble™

Aggregator

I’m not sure the inflation horse is dead, so let’s beat it some more

1 year 2 months ago
Since I'm beating dead horses this week, let's continue. When Congress passed the various COVID rescue bills, it resulted in massive deficits in 2020-21, which drove up the money supply. How much? This much: The red shaded area is the excess above the normal growth of M2 money supply, and provides a good proxy for ...continue reading "I’m not sure the inflation horse is dead, so let’s beat it some more"
Kevin Drum