The M1 Money Multiplier Has Yet To Recover.
Jan. 25, 2010
The M1 money multiplier fell, thereby keeping the doubling of the monetary base from creating hyperinflation. The reason: increased excess reserves by commercial banks.
Jan. 25, 2010
The M1 money multiplier fell, thereby keeping the doubling of the monetary base from creating hyperinflation. The reason: increased excess reserves by commercial banks.