Birdwatch Note Rating
2024-05-09 08:33:05 UTC - HELPFUL
Rated by Participant: 4F2DDDD903830D51AE9DC91E6B8B2C8A1383B4135F15F529D886D2950DDBD5E8
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Original Note:
The definition of M1 money supply was changed in May of 2020 to include savings accounts, given the relative increase in liquidity of those accounts over the preceding years. This accounts for the sharp increase, rather than an increase in money printing. https://www.investopedia.com/terms/m/m1.asp#:~:text=note%20that%20in%20may%202020%2C%20the%20definition%20of%20m1%20changed%20to%20include%20savings%20accounts%20given%20the%20increased%20liquidity%20of%20such%20accounts.
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