All charts courtesy of FED FRED - click to get a larger view...
1984-> 3-month Tbill yield |
1984-> Monetary Base |
1984-> MZM velocity |
1984-> US GDP |
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One man's journey to the centre of the truth.
1984-> 3-month Tbill yield |
1984-> Monetary Base |
1984-> MZM velocity |
1984-> US GDP |
7 comments:
Perhaps that last fat grey bar isn't anywhere near fat enough...
RT @VictorCleaner: @darenpa72 Zero is the event horizon. If you go through, you'll never come back. (Perhaps in a different universe with a new currency...)
Here is a single graph with all four of those data series overlaid - in case it makes anything more obvious.
And here with cumulative US CPI - base 100 in 1984. Showing even with official CPI measure, consumer prices have more than doubled in the period.
And here with cumulative US CPI - base 100 in 1984. Showing even with official CPI measure, consumer prices have more than doubled in the period.
Herewith, all the ingredients of MV=PQ.
And here is a link to that graph if you wanted to tinker with it some more.
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