They’ve printed trillions and those trillions have not been changing hands as is evidenced by the collapse in the velocity of money.
This chart proves the COVID stimulus checks were nothing more than bread and circuses.
This is your monetary system on fiat. Abject favoritism.
This doesn't look accurate. Is this M2?
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https://fred.stlouisfed.org/graph/?g=1dkfZ
Right so the original post was using an incomplete data series.