Explosive growth of money supply according to FRED(r)
Posted by Ed C on Saturday, January 24, 2009
Unfortunately, this is not from Steve Martin’s Fred’s Bank; its from the Federal Reserve Economic Data (FRED(r)) and the St Louis Federal Reserve Bank.
You can get to the chart and the data here.
Since August 2008, the Adjusted Monetary Base has just about doubled in less about four months (in billions of dollars).
2008-07-01 871.562 2008-08-01 870.978 2008-09-01 936.138 2008-10-01 1135.825 2008-11-01 1481.946 2008-12-01 1692.552
And this is before the second allotment of $350 billion in the TARP program was released last week.
What does it mean for the future? I don’t know, but I suspect that we will be paying a heavy price for this in the years to come.