Oct. 31 2012 Monetary Supply:
M2 (as of 10/29/12): 10257.3
Public Debt (as of 10/31/12): 11411.5
Less Owned by Fed (as of 10/25/12): -1652.2
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Total Monetary Supply (as of 10/31/2012): 20016.6
I am now calling this number M4, for back of a better term. The total on 9/30/2012 was 19749.4,
so this is up 267.2, or 1.35% in October (up from 0.30% in September). This is a lot for only 1 month, and in normal circumstances we would be seeing price inflation.
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