By Ryan McMaken
Money supply growth slowed in February, falling to the lowest rate recorded since February of last year. Overall, money-supply growth remains well below the growth rates experienced from 2009 to 2016, and has fluctuated little since March of last year.
In February, year-over-year growth in the money supply was at 3.1 percent. That was down from January's growth rate of 3.3 percent, but was up from February 2018's rate of 3.0 percent.
The money-supply metric used here - the "true" or Rothbard-Salerno money supply measure ((TMS)) - is the metric developed by