Here's a chart of U.S. fiscal and monetary policy over the past century. 1920-2022
Discussion
Thanks for sharing Lyn, I appreciate you and I'm glad to see you posting on Nostr. One of the reaons I left Twitter is because the algorithm was not showing me your content and you were one of the primary reasons I got a twitter account in the first place. 💜
Zapped
Top chart interesting. Despite declining monetary base for decades and rising interest rates, the 70s still were highly inflationary. Declining productivity? De globalization?
Great charts. Non-federal debt looks like it might be bottoming, never dipping below the first bank crisis on the chart. That’s concerning. Also, a majority of the people in the US have never seen a sustained decrease in federal debt, ever. This is the norm they were born into.
Most of the decline in debt/gdp last time was because nominal gdp (with a significant inflation component) went up, not because debt actually went down.
Going forward, nominal debt will keep going up, and the question is what nominal gdp does.
Looks healthy as a cheeseburger.
Link does not work…
⚡👉 but you need to upgrade your LN address to get the counter working
Thanks Lyn!
Couldn’t this trend suggest that all non federal debt will be ‘replaced’ by federal debt? Basically, bailouts whenever non-federal debt gets too high or defaults increase. Result: QE infinity.
zapped
Once I get my lighting wallet set up I can finally start tipping you for your content! ☺️