Crypto Voices
Crypto Voices
Matthew Mezinskis
PE33: Are credit cards part of the money supply? (XIII)
25 minutes Posted Feb 27, 2023 at 3:24 pm.
Intro
M0
M1 non-M0
M2 non-M1
M3 non-M2
Assets vs. Liabilities of CCs
Batching
CC purchase volume in 2022 = $9.56 trillion
Revolving credit USA
Credit card debt vs. Demand deposits
HALO Privacy
0:00
25:27
Download MP3
Show notes
Check out show sponsor Coinkite: https://coinkite.com/
Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/
This is the thirty-third installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.
Contents
Bonus video on the US money supply! Which "M curve" do credit card purchases and debt fit into? The answer is... none! Credit cards are an entirely different type of economic activity than bank money, and state money, which we studied in the previous twelve videos in our money supply series.
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