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How did he get to 22%? The fed balance sheet is 7 trillions now, it was about 4 trillons at the beginning of the year. I’d say it’s more like 40%.

https://www.federalreserve.gov/monetarypolicy/bst_recenttren...



Maybe it's the definition of money supply being used? M1 money has increased by about 40%, M2 by about 20%.

https://www.federalreserve.gov/releases/h6/current/default.h...




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