Quote:
Originally Posted by jimbomaybe
The number of physical dollars in circulation is not relevant. The US spent over 4.5 trillion dollars on covid relief, no goods or services were created for this money made available, supply and demand= inflation, the size of a dollar bill did not change ,its value did
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This is a chart showing the increase in M1. I don’t understand its significance but that huge jump as a result of Covid looks bad. Perhaps some people can elaborate.