Look at the increase of M1 reserves (monetary base, or money available in the economy) in 2008 in the graph below. The blue line representing these reserves spikes dramatically. What is even scarier is that in January 2009 alone, M1 went from $871.9 billion to $1735.3 billion. And we are supposed to believe that Ben Bernanke has this inflation under control?

Investors seem not to think so. Look how as the Fed’s interest rates dip the price of gold per ounce goes up.

Read the full article over at MISES.

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