Birdwatch Note Rating
2024-05-09 07:27:46 UTC - HELPFUL
Rated by Participant: E9BAE34CA807F998B4A6FCF21703AF0B29B220973CEDA4A783F5865563E97A2B
Participant Details
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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