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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by azernik on Tuesday March 14, 2023 @07:07AM (#35149688)
M3 is usually the money measure we care about for the real economy and price inflation, not M1.

M3 is erased during a bank run, because the multiplier from M1 to M3 caused by fractional reserves goes away.

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