USA: the hidden monetary bubble is lethal

The US monetary authorities are concealing the monetary bubble that has been developing since the early 2000s. According to official figures, it is actually worth…

Free money supply M3, updated on August 4, 2025

Changes in the free money supply M3 cause opposite reactions in real GDP. This free money supply M3 is the difference between the change in…

Monetarism / US monetary bubble in M2, updated on August 3, 2025

The hypertrophy of the M2 monetary aggregate in the United States is considerable: more than $5 trillion of unearned money was still unduly in the…

Free money supply, in M3 and M2, updated on July 27, 2025

Update for data published up to June 2025, which is the most recent available to date… As a reminder, I wrote in my previous articles…

Monetarism / US monetary bubble in M2, updated July 26, 2025

The hypertrophy of the M2 monetary aggregate in the United States is considerable: more than $5 trillion of unearned money was still unduly in the…

Free money supply, in M3 and M2, updated on July 19, 2025

Update for data for the month of May 2025, which is the most recent data published to date… As a reminder, I wrote in my…