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n. Illinois | The money supply in 2020 grew by 19.1% then in 2021 it grew by 16.2%. So since the start of 2020 the money supply in this country has grown 41.5% which is 6.3 trillion more. In the 1970's the last time we did this stupidity we let it grow by roughly 12% year over year for the years 1971, 1972, 1976, 1977 which triggered the massive inflation we had to tame in the 1980's We are in territory no one has been before and the current crop in DC both at the Fed and the Treasury are incapable of dealing with the monster they have unleashed. We will see price controls and massive shortages first before this is over. All of the failed policies from the past will be tried once again and they will fail once again.
This is going to get ugly folks. | |
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