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Savings are now more liquid and part of “M1 money”
Money is marvelously nuanced. Because different assets can be used as money, we need several categories and definitions to keep track of it. M1 describes the most liquid and widely...
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What’s behind the recent surge in the M1 money supply?
While the terms “money” and “wealth” often mean the same thing in everyday parlance, economists define money more narrowly as the component of wealth consisting of