Editor's note: Originally published at tsi-blog.com on Oct. 15, 2019
We regularly look at what's happening with monetary inflation around the world, but today we'll focus exclusively on the US monetary inflation rate. This is because of the recent evidence that the unusually-low level of this long-term monetary indicator is starting to have a significant short-term effect.
The following chart shows that the year-over-year rate of change in US True Money Supply ((TMS)), a.k.a. the US monetary inflation rate, made a new 12-year low in August 2019. Furthermore, the latest TMS growth figure for the