Friday, November 20, 2009
Adjusted Monetary Base
Yesterday RM noted that the monetary base is on a skyward trajectory once again, as the chart above shows (http://sn.im/tcd4t). The official reason being to boost the economy. RM's question was if all they have to do is print money to boost the economy, why was TARP needed a year ago. We agreed that it is all smoke & mirrors. This does not look good for the economy.