Thursday's Child

Thursday's graph shows the rate of base money growth (less the cost of growing it) in blue. And in red, the growth rate of Real GDP. I see similarity in the two lines, and I see differences that I can explain.

To that graph I added (in gray) the rate of base money growth with nothing subtracted from it.

Graph #1

I'd want to compare gray and red directly (without the interference of the blue) to say this with certainty, but looking at Graph #1 I don't see much similarity between gray and red. I don't see much similarity between base money growth (with nothing subtracted) and real GDP growth.

This graph only strengthens the visual similarity of Thursday's red and the blue.

// for completeness:

Just quickly, with the blue line removed:

Graph #2

Yeah, no, I don't think so. Maybe if we put inflation back into the red line?

Graph #3

It's your call.