MML: US M1 Money Stock Growing At 357% Year-Over-Year With Velocity Of 1.22 (M2 Growing At 27.1% Year-Over-Year With Velocity Of 1.135)

Sharing is Caring!

by confoundedinterest17

MML stands for Modern Monetary Lunacy.

M1 money stock is growing at a whopping 357% year-over-year as M1 velocity has collapsed to an anemic 1.22.

M2, a broader measure of money, is growing at 27.1% year-over-year with a dismal velocity of 1.135.

Since velocity equals GDP divided by money, The Federal Reserve had better hope that GDP does increase with the trillions that the Biden Administration is throwing at the problem. But since higher taxes won’t be realized for at least a year, there will be even more money printing.

See also  Tesla Stock Split Conspiracy Theory

Biden and Yellen must feel that they are flush with cash like Jean Ralphio from Parks and Recreation.

See also  Since Inflation Is So High Now, The Elite Have Some Suggestions For How You Can Save Money This Thanksgiving…

Maybe Biden, Yellen and Powell watched Parks and Recreation and took it literally. Here is how Biden et al will spend all that stimulus money.

 

 

1,208 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.