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Culture War Roundup for the week of February 26, 2024

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The FAQ page includes the chart you asked for (up to December 2020), which shows there was a pretty big jump in early 2020, but nowhere near as large as it looks on the official chart (i.e. around 2x instead of around 10x).

That's exactly what I was looking for; thank you!

2x is still more than I'd have guessed based on subsequent inflation (or M2 data, which seems to be applies-to-apples) alone. I wonder to what extent that means the Fed was partly fighting a natural permanent fall in the velocity of money, vs to what extent it means we still have more future inflation "baked in", vs to what extent it means I don't understand macroeconomics. Probably around 3%/2%/95%...