Replying to Avatar Leathermint

I agree with sentiment and it's true, but this particular sharp upward movement is apparently not due to direct expansion of the money supply but rather a change in China's definition of M1 money.

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kyle 11mo ago

what would the purpose of redefining M1 to the upside be though? so any future increase is proportionally less? 🤔

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Leathermint 11mo ago

No idea. Maybe just regular state employee changing things to feel important or it's more nefarious and the goal is to better hide future expansion of the money supply.