Yes, but that’s not how “inflation” is calculated or defined by fiat economists. They disregard monetary inflation (real changes in money supply) and only ever measure the inflation of the prices of goods and services.
Many have admitted that the USD money supply couldn’t even be quantified if they wanted to find a number, because so many non-currency assets are treated as money these days (mostly bonds and government treasuries)
So 2.1 trillion USD in circulation is not really the right number to use?
And it’s probably much bigger?
Here is the data that the Fed gives us. M1 and M2 are basically different ‘categories’ of money, with M1 being included inside M2. But there is no way to verify this data, people argue over the numbers, and tons of non-currency assets are counted as currency these days. Basically the dollar is trending towards infinity and anyone holding it is going to get fucked - whether that be slowly or quickly
https://www.federalreserve.gov/releases/h6/current/default.htm
Awesome share - so with the data you’re sharing, the inflation event of the fed printing bailouts for #svb, signature, etc will be much smaller than the 7% I roughly calculated?
No. I’m not sure where you got that number from, but I’m pretty sure it’s much higher and also impossible to truly quantify.
I wish we could actually know how many dollars exist, but unfortunately there is only one full node in the fiat system (Federal Reserve)
