Published Wednesday, June 9, 2021 at: 8:06 PM EDT
For the past decade, monetary easing measures implemented by the U.S. Federal Reserve expanded the monetary base but not the money supply. The surge in money supply, aka M2, is a major financial change currently unfolding now.
M2, currency held by the public, plus checking, savings and money market accounts, skyrocketed like never before following the $5.5 trillion unprecedented US stimulus and aid payments in response to the pandemic.
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