Thursday, November 17, 2011

The Surge in Money Growth: Meaningful or Meaningless? | Bob McTeer's Economic Policy Blog | NCPA.org

The Surge in Money Growth: Meaningful or Meaningless? | Bob McTeer's Economic Policy Blog | NCPA.org

Over the last few months, both M1 and M2 have increased significantly. Does that mean an increase in inflation is near? This short article by Bob McTeer, former president of the Federal Reserve Bank of Dallas, provides a useful discussion of this issue.