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A comment on Money Creation: 70% in the Last 12mo (Fed, M1, $). Parent comment

Re:Money Creation: 70% in the Last 12mo (Fed, M1, $) by Firecracker on Monday January 18, 2021 @08:02PM (#25828741)
Indeed!

Definitely a good factor to know about, but there's also been a huge surge in things like Monetary Base (currency in circulation+reserves) [0]. Looks to me like there's a lot of (effectively) money printing behind this, not just an artifact of M1's definition?

[0] https://fred.stlouisfed.org/series/BOGMBASE

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Re:Money Creation: 70% in the Last 12mo (Fed, M1, $) by jjeaff on Tuesday January 19, 2021 @11:43PM (#25842665)
Wouldn't that be more likely just a large increase in reserves? We know reserves are higher. There also seems to be a shortage of currency in circulation due to COVID affecting the ability to print new bills as old bills come in.
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