Free money supply, M3 and M2, updated on June 2, 2025
Update for data for the month of April 2025, which is the most recent data published to date… As a reminder, I wrote in my…
Monetarism / US monetary bubble in M2, updated June 2, 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…
Trump’s tariffs, Miran, Triffin and monetarism
Donald Trump has once again spectacularly created a great deal of disorder with his tariffs, but these problems need to be analyzed calmly in the…
Free Money Supply, M3 and M2, updated on February 23, 2025
As a reminder, I wrote in my previous article that… I showed in the previous article that, despite the decision by Ben Bernanke when he…
Free money supply after 2006, updated on February 20, 2025
In the previous article, I showed that, despite the decision by Ben Bernanke to stop publishing data on the US M3 aggregate money supply when…
Free money supply and GDP: before 2006 and Ben Bernanke
The law of the free money supply can be stated as follows, for simplicity’s sake: an increase in the free money supply circulation (M3) leads…