It’s Official: You May Now Panic
Found via PDB, another very disturbing (in a weirdly sick way) graph:
That’s the U.S. money supply, according to the web site of the Federal Reserve Bank of St. Louis. Also per PDB, from an earlier post, the Quote of the Day:
In FY2007, the federal government spent more money than it had at any time in its history. More than in WWII, more than it took to go to the moon during the height of the cold war, more than under Reagan rescuing our military from Carter’s neglect. This massive amount of spending was unable to avert a recession. Why is more federal spending suddenly now going to mitigate the effects of this recession?
We are so screwed.