@Craig *******
I look at M1 because that is the high velocity, liquid money that can cause rapid inflation. M2 doesn't change hands as quickly. And according to stlouis fed, it went from 4 trillion to 20 trillion since covid. And it makes sense because trumps covid bailout was a few trillion and biden's was 6 trillion. They just sent that cash to everybody, businesses big and small all got bailed out. All that new money chasing the same pool of goods. If you look at the rise in M2, it seems less dramatic but M1 shows the mess we made. It's hard to know exactly what's going to happen but as a general rule, tripling the cash supply is something you should only do of your trying to destroy your country.