Monday, October 13, 2008

Money Supply

Printing Press (noun): Mechanical device used by the Weimar Republic to deter rampant monetary expansion.

Last Friday I saw this graph at the von Mises Institute. Today (Monday), I noticed that the graph had changed—click on the picture to see the latest graph of our Monetary Base. (Update: The Fed dataset is for every two weeks. The picture below ends with the 9/24 data point. You'll see the 10/8 data point after the jump.)

Whew! We can all rest soundly knowing that our (nominal) bank deposits are safe!

If this worries you, I'd recommend the Zimbabwe strategy: buy something of value on your lunch break.