The velocity of money was very low. The base money was increased but was not circulating. The apparent money of M2 depends on the amount and the velocity. Now the velocity is increasing. They are running their psyop on inflation more.
The St Louis Fed has a chart of the velocity I think.
The velocity of money was very low. The base money was increased but was not circulating. The apparent money of M2 depends on the amount and the velocity. Now the velocity is increasing. They are running their psyop on inflation more.
The St Louis Fed has a chart of the velocity I think.