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Howard S. Katz

How Much Money Inflation?

Mises Daily

Author: Howard S. Katz

Online Publish Date: July 1, 2009

Category: Business Cycles, Interventionism, Monetary Theory, The Fed

The Federal Reserve is lying about the nation’s money supply (M1). The current figure for money supply is being given as $1.6 trillion. The actual number is $2.34 trillion. The reported number is equivalent to an increase of 16% over the past year. The actual number is equivalent to an increase of 70% over the past year. This compares with the

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