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A comment on It’s mostly a demand shock, not a supply shock, and it’s everywhere. Parent comment
https://fred.stlouisfed.org/graph/?g=ysLo
Typical growth in household checkable deposits/currency/savings deposits was around $500 billion/year during the mid-2010's. last year it was... $2.6 trillion
https://fred.stlouisfed.org/graph/?g=ysLo
Typical growth in household checkable deposits/currency/savings deposits was around $500 billion/year during the mid-2010's. last year it was... $2.6 trillion