In January, year-over-year growth in the money supply was at 3.3 percent. That was down from December's growth rate of 3.8 percent, but was up from January 2018's rate of 2.8 percent.
"The main thing is that the government should no longer be in a position to increase the quantity of money in circulation and the amount of checkbook money not fully — that is, 100 percent — covered by deposits paid in by the public."
In November, year-over-year growth in the money supply was at 3.48 percent. That was down from October's growth rate of 3.7 percent, but was up from November 2017's rate of 2.6 percent.
Those pushing Medicare for All rely on the presumption that it will generate huge administrative efficiencies. But they greatly underestimate the program's real administrative cost.
