Below is a chart of the US money supply. Since 2020, the US has printed nearly 80% of ALL US Dollars in circulation.
28 Aug 2023, 20:47
Below is a chart of the US money supply.
Since 2020, the US has printed nearly 80% of ALL US Dollars in circulation.
To put that in perspective, at the start of 2020 we had ~$4 trillion in circulation.
Now, there is nearly $19 TRILLION in circulation, a 375% jump in 3 years.
We are paying the price for trillions of Dollars that were printed seemingly overnight.
Why is the Fed surprised that inflation hit a 40-year high?