2/
if @RepThomasMassie or others want to understand just how stupid his tweet was, they should read this thread.https://twitter.com/MorlockP/status/1500124909888065538 …
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3/ this is actually a good point ... and to evaluate it, we need to look at the historical pattern of M2, which had more upward slope than M1, but less than that of M1 after 2020.https://twitter.com/NemoSumNomine/status/1501952409697873925 …
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End of conversation
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To be fair, if you ignore the discontinuity and look at the slope of M1 before and after the redefinition/ discontinuity, there is a great pretty big increase in the rate of growth in M1, that corresponds well with the increase change from linear CPI increase to parabolic.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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