How Much Did They Print?

The story goes something like: In the last few years, the Federal Reserve printed up to 80% of all bills that were ever in circulation. While Austrian economists have long recognized the superfluousness of central banking and understand the benefits of a decentralized monetary system, it's important not to give in to false ideas, even if they appear to support honest ones. It starts by recognizing the existence of various money supply measures. Perhaps the most shocking is the M1 chart

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How Much Did They Print?

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Inflation is an increase in the quantity of money and credit. Its