Over 80% of all M1 dollars that have ever existed were printed since 2020.
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Horrifying
M1 is just the top of the iceberg.
See the M3 figure to see more of it.
btw, I was reading about this, the growth in M1 in 2020 involved a reclassification moving savings deposits and money market funds from M2 into M1:
What’s behind the recent surge in the M1 money supply? | FRED Blog
Shenanigans
its why the M2 number isn't really a good indicator at this point either
That is nuts.
And they will have to print twice as much next time.
What is the difference between increasing the money supply and artificially increasing the value? Aren't both just adding 0's, while the economy only gets worst?
This was an intentional scrambling of the data to obfuscate the CARES Act.
Happened around the time reserve requirements were set to zero
Im curious what the canadian stats are on this?