Keep Them Printing Presses Going

We often hear about the federal government contuing to keep the printing presses going 24/7.  The Monetary Base is the most common measure of this.  Over the past 50 years, the monetary base has risen about 6% per year on average.  But, you can see from the graph below it’s grown over 130% just in the last 12 months.

Just like that steroid shot when you’re kids are sick, it works in the short run and makes them feel better, but you can’t keep doing it without some long-term damage.

 

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