2024-11-05 15:34:10
That is not true. The surge is primarily due to the effects of a definitional change of M1, now including e.g. savings accounts. [Link] NEEDS_MORE_RATINGS(2-0-1) Author
2024-11-06 00:02:13
This is directionally correct but overstates the impact by about 2x by erroneously including a methodology change in 2020 to include savings accounts in M1. Looking at M2 provides an apples-to-apples comparison. About 40% of dollars have been created in the last 5 years. [Link][Link] NEEDS_MORE_RATINGS(0-0-0) Author