driftwood2

Evidence That Big Inflation Is Coming

The M0 money supply doesn't matter if the banks are unwilling to lend. M0 can grow while M3 doesn't. Historically, even though central banks have tried to inflate money supply during deflationary recessions, they have failed. Look at the following graph:
upload.wikimedia.org/w...
Doubling m1 had hardly any effect on m3.