The banking system has delivered its class paper on: “what I did on my summer vacation.”
Source link: http://archive.mises.org/18708/a-summer-of-monetary-fun/
A summer of monetary fun
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Funny!
You are highlighting the ~7% increase since May, but there was a 570% increase since 1981!!
More “impressive” is the rate of change of M2, which went from 2% at the beginning of last year, to over 10% this year.
But there is no runaway inflation because the money is in banks, not buying goods and services.
It’s leaking out. The fed has been reporting rising required reserves and falling excess reserves, a sign of more loans being made, since July.
http://www.federalreserve.gov/releases/h3/current/
No runaway inflation? Look at inflation over the past few years, not just core inflation. The inflation is there. Data manipulation is just trying to hide it from you.
Looks like the ramp-up to hyperinflation.
Monetary Reform needed now!
Support Ron Paul’s reform bills HR 1094, 1098 and 2768 here:
https://secure.downsizedc.org/etp/honest-money/
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