Joseph Salerno: EcPoFi recaps last years development of the True - TopicsExpress

Joseph Salerno: EcPoFi recaps last years development of the True Money Supply (TMS), a monetary aggregate developed by Murray Rothbard and myself in the 1980s. The author of the post points out that in 2014, the money supply increased by a total of $731 billion, the fourth biggest expansion ever recorded, although its rate of growth was 7.4%, substantially below its average growth rate of 8.1% since 1981. mises.org/blog/true-money-supply-and-future-us-economy

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