Editor's note: Originally published at tsi-blog.com on June 17, 2020.
[This blog post is an excerpt from a recent TSI commentary]
The year-over-year rate of growth in US True Money Supply ((TMS)), a.k.a. the US monetary inflation rate, has continued its journey "to da moon." Based on the monthly monetary data for May 2020, it is now at 27% and still rising rapidly. The following chart shows that the money-supply growth surge engineered by "Mississippi Jay" Powell* now dwarfs the earlier efforts of "Easy Al" Greenspan and "Helicopter Ben" Bernanke.
Anyone who thinks that this