M2 (as of 9/1/21): 20,983.6
Public Debt (as of 10/29/21): 22,637.0
Fed Held (as of 11/3/21) -5,533.2
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Total 38,087.4
On 9/3/2021, this number was at 37,636.4, so this is up 451 billion since then. This is a 1.2% increase in only one month, and the annualized rate is 15.4%. This is unsustainable and will lead to hyperinflation. Basically, the limit I see is 8% per year, which by the rule of 72 will lead to a doubling in 9 years. I don't think the money supply should expand any more than that.
And this is before the stimulus packages get passed.
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