The US money Supply (M2) was around 14.3 Trillion dollars in January 2019. It increased to about 15.4 Trillion in January 2020. In January 2021 it was at 19 Trillion dollars and in January 2022 M2 is at 22 Trillion dollars. Adding more than 25% more cash to the economy in a 4 year period with virtually no increase (probably a decline) in economic output is going to put tremendous inflation pressure on an economy.
M2 was at 10 Trillion in 2012. For there to be no inflation the economic output would also need to double.
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Today's Featured Article - Stories From Old Farmer - by K. Pratt. Old Farmer, a.k.a. Dale Jensen began posting messages to our discussion forums at the grand age of 75. With extensive knowledge of farming and tractors, he valued the past and the ways that went with it. He shared these values with us until shortly before his passing. I spoke with Dale in his last days and requested his permission to share some of his stories with the readers of our magazine. He agreed, and provided the
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