The curious behavior of M2

Found something interesting in the course of doing my day job. Check out M2 (since 1995) against its trend: Read more of this post

Could higher interest rates help the economy?

We live in an age when central bankers grace magazine covers like pop stars. But what if they don’t actually know what they are doing? In the United States, at least, quantitative easing and low short-term interest rates may have done as much harm as good.

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