Money Supply Growth Falls to 6-Month Low
Money supply growth fell in July, dropping to the lowest rate recorded since February of this year.
Money supply growth fell in July, dropping to the lowest rate recorded since February of this year.
Rothbard explains the concept of the "supply of money."
Money supply growth inched upward again in June this year, but remains well below the growth rates experienced from 2009 to 2016.
In May, year-over-year growth in the money supply fell to a 3-month low, growing 4.2 percent. That was down from April 2018's rate of 4.2 percent, but remains up from November 2017's low of 2.6 percent:
In this interview, Joseph Salerno discusses how he and Murray Rothbard developed a better measure of the money supply.
The suppression of the TMS growth rate, if it is sustained for the rest of the year, portends another credit crisis and housing bust.
Growth in the supply of US dollars remained near a multi-year low in December, growing 2.9 percent, year over year.
Growth in the supply of US dollars fell again in September, this time to a 116-month low of 3.4 percent.
The last time the money supply grew at a smaller rate was during September 2008
March's year-over-year percentage increase in the money supply hit a 103-month low of 5.9 percent.