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January 28, 2009

Uncharted Territory, Charted

This chart shows the expansion of the money supply over the course of a hundred years. Notice how dramatically the line spikes -- it actually becomes, what's the word?, asymptotic.

Notice the curve. Which is not a curve. It's a straight line going straight up.

That is astonishing.

For those who urged an aggressive response to the crisis -- um, there it is, we've already done it, let's stop and see how things shake out. I myself urged an aggressive response, and I am quite satisfied with the level of aggressiveness here. Actually, a bit oversatisfied; I'm kind of freaked out about it.

So, um, let's just cool it for a while.

Thanks to Arthur.

posted by Ace at 03:03 PM

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For those who urged an aggressive response to the crisis -- um, there it is, we've already done it, let's stop and see how things shake out. I myself urged an aggressive response, and I am quite satisfied with the level of aggressiveness here. Actually, a bit oversatisfied; I'm kind of freaked out about it. So, um, let's just cool it for a while. Thanks to Arthur. posted by Ace at 03:03 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments [/i][/b]andycanuck (hovnC)[/s][/u]: "Maral Salmassi @MaralSalmassi Despite claims made ..." jimmymcnulty: "Are Australian pizzas served upside down. Asking ..." Viggo Tarasov: "Hey, that tweezer thing can really pluck someone u ..." Eromero: "322 German police valiantly confiscating a Swiss A ..." Anna Puma: "BOLO Rowdy the kangaroo has jumped his fence an ..." fd: "You can't leave Islam. They won't let you. ..." 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