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Charting the Real State of the U.S. economy - Slide 2 of 23
MONEY, MONEY EVERYWHERE
The next two charts show two more forms of stimulus. Chart Two portrays growth in the nation's money supply. M1 basically tracks the nation's bills, coins, and total checking balances. The more frequently used M2 tracks M1 plus small savings accounts and personal money market accounts. M2's early 1990s takeoff, fostered by the Federal Reserve, has also greatly lifted the economy.
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