Eric Hovde: “Money supply M2 money supply increased enormously.”

“Well, when they're spending that amount of money, the bank for the federal government, which is the Federal Reserve, had to buy an enormous amount of the debt. So the Federal Reserve's balance sheet went from $3.6 trillion to $9 trillion. And Money supply M2 money supply increased enormously. You can almost always track inflation with the increase in money supply. So that's why inflation exploded. If it was what Senator Baldwin says, corporate greed, well why weren't corporations being greedy for the 40 years prior?” (05:30–05:35)

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