As of February 1, 2021, the US money supply (“M2”) was $19,432.4 million – call it $19.4 trillion. That’s up ~$4 trillion YoY or ~26% YoY.
Remember that mark – a 26% YoY increase in the money supply against a GDP that declined ~1% YoY.
And while you’re remembering consider, daily Federal spending closed out the week at $53 billion compared to $39.3 billion a year ago.
That’s a 34% increase YoY. So, more to come.
All that before the $1.9 trillion in the American Rescue Plan Act.
Party on, Wayne.