The Federal Reserve has shifted from primarily expanding its balance sheet through bank reserves (2008-2020) to directly monetizing government debt by purchasing Treasuries with newly created bank reserves, then the Treasury spends this money directly into the real economy, causing M2 money supply to increase parabolic ally rather than depending on commercial banks to increase money supply.
causalpending
Speaker
George GammonEvidence Quote
“now that the that we have the fed monetizing the debt buying those treasuries with bank reserves and then the treasury spending that into the real economy you're seeing m2 money supply go straight up”
Created: 8/11/2026, 1:13:41 AM
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