Birdwatch Note Rating
2022-10-11 12:34:26 UTC - HELPFUL
Rated by Participant: 17E746A1FC5185292CC1AAB4350F7A3EFFE915E2A3144A395A8EEE968E57FCBA
Participant Details
Original Note:
In May of 2020, the definition of M1 used by the Federal Reserve was changed, leading to the massive spike in this chart. While the money supply has increased, you must look at M2 for a accurate measure of before and after that point. https://fredblog.stlouisfed.org/2021/05/savings-are-now-more-liquid-and-part-of-m1-money/
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