Quote:
Originally Posted by Cimarron29414
If I remember correctly, you showed that "trillions" of dollars was not a lot and would not have a negative effect. I don't believe that to be true. Time will tell.
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No, I showed that M1 did not increase faster than in past recessions, that the relationship between m1 and gdp was not out of normal parameters, and that the specific data on M1 shows that trillions of dollars were not added.
Just as a refresher, M1 data, from the past few few months, in billions of dollars:
2008 10 1474.7
2008 11 1523.2
2008 12 1595.3
2009 01 1576·3
2009 02 1559·6
2009 03 1563·3
2009 04 1593.3
2009 05 1597.0
2009 06 1650·0
2009 07 1654.7
2009 08 1649·9
So slightly less than 200 billion dollars were added to the economy.
Of course, m1 as indicative of anything has long been out of style, but since you still cling to good old Friedman, at least you should get the data right.