tag:blogger.com,1999:blog-1181263349418369341.post7862971517438465478..comments2023-10-11T07:07:54.731-06:00Comments on hapilly ever after: Brent's guest post on the economylehttp://www.blogger.com/profile/16419901586327437257noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1181263349418369341.post-51451471138544148452009-02-14T16:46:00.000-07:002009-02-14T16:46:00.000-07:00His chart is of M0, but you're talking about M1 or...His chart is of M0, but you're talking about M1 or M2.<BR/><BR/>So you're both right, in that M0 which he's talking about has never been larger or printed more freely than it is now, and you're right in that M1/2 have taken a huge hit with all the defaulted loans and evaporated, unspent money.<BR/><BR/>However, it seems like the Fed is trying to replace the lost M1 with pure M0, which, when/if people and companies start taking loans again, and particularly with The Fed's insanely low reserve requirements, we'll be on the Express Train to Inflation City .leBolidehttps://www.blogger.com/profile/06216003403343955612noreply@blogger.comtag:blogger.com,1999:blog-1181263349418369341.post-62474952641536832672009-02-14T14:26:00.000-07:002009-02-14T14:26:00.000-07:00Well put!Well put!The Bec-sterhttps://www.blogger.com/profile/03521554102587956038noreply@blogger.com