U.S. Money Supply Hasn't Done This Since the Great Depression

Re:U.S. Money Supply Hasn't Done This Since the Great Depres... by oarla on Wednesday January 10, 2024 @02:13AM (#38937170)

Isn't this a brute force way to fight inflation? I certainly don't believe that inflation is around 3%. My feel for it is around 9-10%. I assume the Fed is also aware of it and hence they are trying to reduce supply of money to curb the rate of inflation.

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Re:U.S. Money Supply Hasn't Done This Since the Great Depres... by ffgjgf1 on Wednesday January 10, 2024 @02:57AM (#38937492)

> inflation is around 3%. My feel for it is around 9-10%

Why do you think that’s the case?

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Re:U.S. Money Supply Hasn't Done This Since the Great Depres... by oarla on Wednesday January 10, 2024 @03:43AM (#38937829)

Because my grocery bills, utility bills and monthly expenses for normal living are up ~10% from 2020. I live in a MCOL city.

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Re:U.S. Money Supply Hasn't Done This Since the Great Depres... by abart13 on Wednesday January 10, 2024 @04:36AM (#38938220)

Isn’t that an annualised rate of ~3% per year since 2020 then?

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Re:U.S. Money Supply Hasn't Done This Since the Great Depres... by ffgjgf1 on Thursday January 11, 2024 @03:52AM (#38949550)

> 2020

Right.. yet it’s 2024 as far as I’m aware and inflation is tracked on a rolling 12 month basis.

If it was only 10% during those 3 years, it’s approximately 3.2% per year which is close enough (of course the official inflation was actually much higher than your’e implying..)

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