"Depictions of Typhoon Tip [the largest tropical cyclone ever recorded] and Cyclone Tracy (one of the smallest tropical cyclones ever recorded) superimposed to-scale on a map of the United States."
that's really interesting. some of that is because swapping treasuries for bank reserves counts as more M2, but that money has literally no velocity. I wonder if much of the slowdown comes from their being more and more money in the system going to non-spenders at the top.
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