Inflation vs Money Supply

Some are claiming the Fed is a failure and Money Supply is the cause of US inflation. Both claims are not backed up by any facts. This is a nice way of saying these claims are lies. And, when made by those who KNOW the facts, they are bad faith ideological bias! Lets see it:

Source: Federal Reserve Bank of St. Louis data normalized where 2/1/2015 = 1000.

These are records from the St. Louis Fed. 2015 to 2020 had some of the lowest inflation numbers in history! The data clearly show money supply rising 20%-30% or more. In that period, the red inflation line is just slightly elevated. 

THEN 2020 comes and so does the unprecedented COVID pandemic! The pandemic decimates the world supply chain raising prices. Money supply also rises as the Fed provides liquidity to the economy in stress. THEN Putin invades Ukraine, further crushing world supply chains (especially in food). 

Finally the money supply STOPS rising in in 2022! In fact, it falls and has only moderate growth to the present. Prices continue to rise but NOT due to rising money supply.

Money supply is a mirage propagated by Milton Friedman for ideological purposes and is used as a partisan excuse to reduce government benefits to workers and the general public. 

Note: The St. Louis Fed is an authoritative "primary source". Too many secondary sources showing different results are found all over the internet and have modifications, adjustments or fabrications-all to prove their ideological point. 

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