Wednesday, September 24, 2014

Exponentially Decaying MZM Money Stock Growth


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
at

2 comments:

  1. AnonymousSeptember 24, 2014 at 10:56 AM

    Hi Mark - What's the left axis - I'm not sure what this is showing. Thanks!

    Fred

    ReplyDelete
  2. Stagflationary MarkSeptember 24, 2014 at 11:09 AM

    Fred,

    I should have labeled it. It's showing year over year growth (in the MZM money supply).

    ReplyDelete