"America: Freedom to Fascism"/ Movie Notes for Next Project

According to Douglas French, of the Mises Institute, in his February 7, 2012 article entitled, "It's 1980 Again," the M2 money supply has increased "from $683.7 billion in August 1971 to the current $9,712.8 billion." This represents a 14.2 fold increase in the M2 money supply over that time, if my math is correct.

The U. S. inflation Calculator on the Internet presents a 455.4% increase in inflation within the economy over that same time frame, if I am reading it properly. There does appear to be a benefit, though immoral, to M2 inflation, as $683.7 billion translates to $3,113.5698 billion of inflation within the economy. This represents a $6,599.23 billion difference/ net benefit between where the M2 money supply is today ($9,712.8 billion) and where inflation within the economy has taken us ($3,113.5698 billion).

Any further treatment of Aaron's movie will need to address this issue.

Gene Chapman

TheGandhainEconomist.blogspot.com