M1 Money Multiplier (MULT) - FRED - St. Louis Fed
M1 Money Multiplier (MULT) - FRED - St. Louis Fed
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I may have a naive, amateure economist, view of this graph, but what it says to me is the liquid capital of the middle class has drained out the bottom of the bucket. Free trade helps the economy until the US consumer runs out of M1. This may explain why tariff protection helped prior to WWII but not since. The hidden cost of human capital not withstanding.
I may have a naive, amateure economist, view of this graph, but what it says to me is the liquid capital of the middle class has drained out the bottom of the bucket. Free trade helps the economy until the US consumer runs out of M1. This may explain why tariff protection helped prior to WWII but not since. The hidden cost of human capital not withstanding.
posted by Clancy Hughes | 1/25/2013 12:45:00 PM
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