[AdamSelene235]

This stuff all started back in 95, when Klintoon needed to be re-elected.

Bush's three big mistakes have been:

Reappointing Greenspan.

Expanding the welfare state.

Ignoring the GSE situation.

But we haven't gotten the bill for those yet.

Don't worry, we will.

[Iris7]

I agree on the M3, but like percentage change in real GDP divided by percentage change in M3 better. Shows the increasing ineffectiveness of increasing money supply more rapidly than the "real" economy grows, analogous to the increasing insulin resistance as diabetes progresses.

Of course this has been going on for a very long time. Looks like it takes longer for economies to die of overeating credit than it takes for humans to die of overeating food!