Ep. 243 To Understand (Price) Inflation Then and Now, Follow the Money
Bob Murphy Show
00:00
M One, as Historical Definition Says, Didn't Jump Until May 20 20
As of february 20 21, they went back and revised the time series. The data shows m one is including savings accounts too. So if you look at the chart, it looks like m one just sky rockets. But that's not because in may of 20 20 the feta injected or the commercial banks made available all sorts of extra money. K, now, another curve ball. M one, as historically defined, really did increase in april and may and june of 20 20.
Transcript
Play full episode
