May 6, 2020

hen banks lend to consumers and businesses, they put the proceeds into a checking account.  At that point the money supply begins to grow.  In March M-2 grew at a 21.0% annual rate.  In April it climbed by 46%.  Those are funds that businesses can use to pay their workers, pay the rent, and keep the lights on.

Stephen Slifer

NumberNomics

Charleston, SC