Macro

Dave Collum: CPI averaged 2.0% since 2000 while M2 growth hit 6.5% - Traders Union

Dave Collum: CPI averaged 2.0% since 2000 while M2 growth hit 6.5% - Traders Union

Denarius Prime

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Source: Traders Union

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DW NOTE

M2 growing at triple the rate of reported inflation isn't a puzzle — it's the scorecard. The gap between money supply growth and consumer price gains measures how much purchasing power migrated from wage-earners to asset-holders. Call it monetary policy if you like; the distributional outcome is the same either way.

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