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January 9, 2009

Dollars, dollars everywhere; not a buck to spend

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Often, when financial writers talk about "running the printing presses" to increase the money supply, it's a metaphor. Money stock and currency in circulation don't necessarily move in tandem. But in this economy metaphors have become real. As this graph from the St. Louis Fed shows, the greenback population started soaring last summer and hasn't stopped. It's the biggest jump in currency growth since the Y2K scare.

 

 

 

Posted by Jay Hancock at 8:30 AM | | Comments (0)
        

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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