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Click to enlarge.
The hyperinflationist poning will continue until morale improves.
In all seriousness, ZIRP hasn't exactly led to hyperinflation in Japan either (at least so far).
And why might that be? It is difficult to grow our $12.7 trillion MZM money supply when the average interest rate paid on it is a mere 0.075%. I know. Crazy theory.
Source Data:
St. Louis Fed: Custom Chart
2 comments:
Hi Mark - What's the left axis - I'm not sure what this is showing. Thanks!
Fred
Fred,
I should have labeled it. It's showing year over year growth (in the MZM money supply).
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