Crypto Voices
Crypto Voices
Matthew Mezinskis
PE22: Decoding demand deposits - Money supply USA (II)
35 minutes Posted Feb 9, 2023 at 5:45 pm.
Intro
Vault cash
Sight (demand) deposits Fed discontinued
Components of deposits in USA
Adjusting for CIPC
Sight (demand) deposits Porkopolis reconstructed
Vault cash vs. Sight (demand) deposits
Not the first time we've seen this low ratio
What then for a bitcoin standard?
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Show notes
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This is the twenty-second installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
Here we look at the total supply of vault cash (physical currency inside bank vaults) versus the total outstanding balances of sight, or demand, deposits in the United States. There are some unfortunate discontinued publications we need to review here by the Federal Reserve, as well as reconstruct our own comparisons. The demand deposit supply is also a component of the second, basic level of the various "M supplies;" that is, a part of M1 Money.
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