MZM Growth: Slip Slidin' Away (Musical Tribute)

The following chart compares the annual change in the MZM money stock (in black) to the interest rate that money earns (in blue).


Click to enlarge.



Slip slidin' away
Slip slidin' away
You know it is not hyperinflation
The more we're slip slidin' away

I know a man
With policies unsound
He has a passion for depressions
Says they don't confound
His name's Bernanke
He was concerned
Set interest rates so underpowering
To ensure that savers would get burned

Slip slidin' away
Slip slidin' away
You know it is not hyperinflation
The more we're slip slidin' away

I know a woman
In charge of strife
These are the words that Yellen uses
To describe her knife
She says a good day
Has got low rates
She said a bad day's when credit dries up
And that debt just evaporates

Slip slidin' away
Slip slidin' away
You know it is not hyperinflation
The more we're slip slidin' away

And then there is Greenspan
Who Fed our fun
He longs to tell us all the reasons
He should not be shunned
Debt came a long way
It still remains
Thought the housing boom was safekeeping
But then turned to bust and headed down again

Slip slidin' away
Slip slidin' away
You know it is not hyperinflation
The more we're slip slidin' away

Stocks only grow
That is the plan
Best information is available
To the inside man
We're working our jobs
Gambling our pay
Believe that it won't all fade today
When in fact we're slip slidin' away

Slip slidin' away
Slip slidin' away
You know it is not hyperinflation
The more we're slip slidin' away

Slip slidin' away
Slip slidin' away
You know it is not hyperinflation
The more we're slip slidin' away

Source Data:
St. Louis Fed: Custom Chart