If the entire U.S. economy had only $49 billion in 1940, how could it lend or pay taxes of $22 trillion in 2024?

In 1940, the total M2 money supply (M1 plus savings deposits, small-denomination time deposits, and other near-money assets like money market funds) was approximately $49.27 billion.

As of December 2024, M2 was $21.53 trillion.

submitted by /u/Own_Ad_1328
[link] [comments]

Liked Liked