[razorback-bert]

This would mean the the US monetary base is increasing by a factor of about 3 rather than 15

Whew, I was worried there for a minute.

[MrB]

And when anyone says anything-”fold”, most likely they are using it wrong.

There’s a big difference between three times and three fold.

Three times, of course, is 3X. Three fold is 8X (2 ^ 3).

Think of it as “folding” a piece of paper. Fold it once, it has two layers, fold it again, 4, again, 8, etc.