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]
Posts Tagged ‘Monetary Base’
Houston, we have a (monetary) problem
Friday, October 24th, 2008Helicopter Ben makes good on his name: M0 going through the roof
Tuesday, October 14th, 2008From 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