Money Supply jumped from about $15.4 trillion to $19.4 trillion over the last year. That is a lot of additional money sloshing around in the financial system. Once velocity of money begins to rise the prices of financial assets, goods and services will likely see additional pressure.
Published by markskidmore
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts