As a reminder, in a purely fiat monetary system, inflation and deflation are the result of policy decisions, and not any endogenous factor...

For comments see the original post from August 2010, US Money Supply Figures My forecast remains for a severe stagflation with the contin...

As a review or refresher please read: Money Supply A Primer if you need to remind yourself what these money supply figures represent. Consi...

Here is the Austrian theory of money supply and its measures in a nutshell. "The True Money Supply (TMS) was formulated by Murray Rothb...