The monetary inflation continues… M0 is now about twice as large as it was?

This will be fun. Maybe.
The monetary inflation continues… M0 is now about twice as large as it was?

This will be fun. Maybe.
Helicopter Ben has just become Rocket Ben, according to the latest M0 figure from the Fed’s published data. [St. Louis Fed]
Btw, Ron Paul. [CNN]
From the Fed’s own published data: [St. Louis Fed]
The Monetary Base, or M0, is the amount of physical (or, practically physical, i.e., deposits sitting in the central bank) currency in existence.
“But the U.S. government has a technology, called a printing press…” – Ben Bernanke, the Helicopter Speech
Right after that Websters post we ran across a real live Mr. John Webster and his economics blog. [New Financial Wisdom]
He’s posted a video on YouTube about inflation. It’s actually out of a Duck Tales episode, from the good old days before Pokemon and all that other crap which followed. [YouTube]