Fed H3: monetary base increases by +46% from August 2008

[krakknisse]

I'm here with the newest Fed H3 release. The monetary base is now 1,236,518 million dollars. This is up +46% from August. This rate of increase is unprecedented:

% change year-on-year:

The longer term charts (the AMBNS series, way back to 1918) are only updated up to September. But the year-on-year change in the monetary base has never been as high as this.

I don't know what the Europeans are doing, but they're probably following suit.

[grapejelly]

Re: Fed H3: monetary base increases by +46% from August 2008

the Great Depression is supposedly the time of deflation. But the later 1930s were very highly inflationary...and very bad times. Me thinks we are headed there again. Economists and government officials are complete idjits repeating exactly the same mistakes they made in the 1930s. With the same results I am sure.

[metalman]

Re: Fed H3: monetary base increases by +46% from August 2008

the Great Depression is supposedly the time of deflation. But the later 1930s were very highly inflationary...and very bad times. Me thinks we are headed there again. Economists and government officials are complete idjits repeating exactly the same mistakes they made in the 1930s. With the same results I am sure.

yeh, i keep seeing these half baked stories about how the dow rallied 500% 1934 - 1937. sure, in nominal terms. but inflation was sick. that reflation made 2001 - 2007 look puny. and the one coming?

they can create inflation but they cannot control where it goes.