<story><title>Money Creation: 344% in the Last 12mo (Fed, M1, $)</title><url>https://fred.stlouisfed.org/series/M1NS</url></story><parent_chain><item><author>peregrine</author><text>This should be the link.&lt;p&gt;Sharing a link to a graph with minimal context, might as well be spam&amp;#x2F;misinformation.</text></item><item><author>rootusrootus</author><text>Perhaps worth reading along with this:
&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;fredblog.stlouisfed.org&amp;#x2F;2021&amp;#x2F;01&amp;#x2F;whats-behind-the-recent-surge-in-the-m1-money-supply&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;fredblog.stlouisfed.org&amp;#x2F;2021&amp;#x2F;01&amp;#x2F;whats-behind-the-rec...&lt;/a&gt;</text></item></parent_chain><comment><author>habitmelon</author><text>Definitely. The M2 supply grew by about $4T last year, from $15T to about $19T, it&amp;#x27;s a lot, but it&amp;#x27;s about one annual federal budget in normal years. $4T is like 20% of GDP, not nothing, but not hyper-inflationary.&lt;p&gt;The question is will M2 grow by 20% per year, or is this a one-off?</text></comment>
<story><title>Money Creation: 344% in the Last 12mo (Fed, M1, $)</title><url>https://fred.stlouisfed.org/series/M1NS</url></story><parent_chain><item><author>peregrine</author><text>This should be the link.&lt;p&gt;Sharing a link to a graph with minimal context, might as well be spam&amp;#x2F;misinformation.</text></item><item><author>rootusrootus</author><text>Perhaps worth reading along with this:
&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;fredblog.stlouisfed.org&amp;#x2F;2021&amp;#x2F;01&amp;#x2F;whats-behind-the-recent-surge-in-the-m1-money-supply&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;fredblog.stlouisfed.org&amp;#x2F;2021&amp;#x2F;01&amp;#x2F;whats-behind-the-rec...&lt;/a&gt;</text></item></parent_chain><comment><author>Splendor</author><text>&amp;gt; On the other hand, it’s not immediately clear what advantage there is from the bank’s perspective in relabeling savings accounts as transactions balances.&lt;p&gt;Does anyone have any insight into why banks would relabel their savings accounts?</text></comment>