Graph #1: The Currency Component of Base Money (blue) and the Reserves Component of Base Money (red) |
Just before the problems of 2008, total reserves (red) had fallen to about 5% of base.
Challenging the Premisses
Start with the debt problem, three views of it,
and the most important thing. Here's a longer look at the debt problem.
Here's a short one on economic policy, some surprising trends, and a few unusual policy recommendations. How'd we get into this mess? Read Policy Venn and Policies of the Venn Overlap. Still with me? Read A Matter of Life and Death. And for an overview, download my 12-page PDF |
Graph #1: The Currency Component of Base Money (blue) and the Reserves Component of Base Money (red) |
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