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Sunday, October 23, 2022

Money Supply Increase Under Trump, Not Biden

Conservatives like Ross Douthat complain that Biden ran up the money supply, causing inflation, but in fact the huge increase occurred under Trump, not Biden:
This is the M2 money supply relative to GDP, which is of course the correct comparison.

If the increase in M2 caused any inflation, it occurred during Trump's administration, not Biden's.

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1 comment:

  1. Layzej5:48 PM

    I found an interesting article on the 'why' of it: https://www.thepublicdiscourse.com/2022/08/83786/

    ReplyDelete