Fiscal Restraint Returns!

If you look closely at the graph below, you'll notice that the Federal Reserve has slowed the rate of expansion of the money base (M0). I think one of their printing presses broke down under the heavy load and I'm optimistic that more will follow suit. Ah, in the absence of a cogent monetary policy, I'm pinning my hopes on hardware failures to get us through this mess!


See also: Your Tax Dollars at Work, Money Supply