Americans are hunting for coupons and skipping favorite foods to keep up with grocery prices

Diogenes said:
Was the money supply increased by the Fed during the Biden years?


Yes, overall the broad money supply (primarily measured by M2) increased during the Biden years (January 2021–January 2025), though the path was uneven: strong growth early on, a notable contraction in 2022–2023, then renewed expansion.


Key M2 figures (seasonally adjusted, approximate, from Federal Reserve H.6 data and secondary compilations)​


  • January 2021 (near the start of the term): roughly $19.4 trillion.
  • Peak (around April 2022): roughly $21.7 trillion.
  • Trough after contraction (late 2023): around $20.7 trillion.
  • Late 2024 / early 2025 (near the end of the term): roughly $21.4–$21.5 trillion.

Yearly snapshots from compiled data show:


  • 2021: strong growth (continuation of the pandemic-era surge).
  • 2022: still elevated but growth slowing, then beginning to decline.
  • 2023: net contraction (first sustained year-over-year decline in M2 in modern records).
  • 2024: renewed modest growth.

From early 2021 to early 2025, M2 rose on the order of $2 trillion (roughly 10–11% cumulative). Much of the explosive growth was driven by COVID-era fiscal stimulus (large deficits and direct payments) combined with Federal Reserve quantitative easing (QE) that expanded the Fed’s balance sheet to nearly $9 trillion.


What the Fed actually did​


  • 2021–early 2022: Continued asset purchases (QE) and kept rates near zero, supporting rapid M2 expansion as bank deposits surged.
  • Mid-2022 onward: Shifted to aggressive tightening—rapid rate hikes and quantitative tightening (QT, allowing securities to roll off the balance sheet without full reinvestment). This contributed to the M2 contraction in 2022–2023 as liquidity was drained and deposits shifted (e.g., toward higher-yielding money-market funds).
  • Later period: Rate cuts began in 2024; M2 growth resumed at a more moderate pace (closer to historical norms of a few percent per year), even as the Fed’s balance sheet continued shrinking overall via QT.

Important context​


  • The large 2020–2022 expansion is widely linked to the subsequent inflation surge; the later contraction and tighter policy helped bring inflation down from its peak.

In short: M2 ended the Biden years higher than it started, with the net increase concentrated in the first half of the period and partially offset by the 2022–2023 decline under tighter Fed policy. Data come primarily from the Federal Reserve’s H.6 Money Stock Measures releases (available via FRED and the Fed’s site).

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Fed M2 Money Supply Increase | Shared Grok Conversation

Was the money supply increased by the FED during the Biden years?
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So you telling us the Fed adding money into circulation means the Fed is printing more money?
 
archives said:
So you telling us the Fed adding money into circulation means the Fed is printing more money?
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Yes — in the practical and commonly used sense, that is exactly what people mean when they say the Fed is “printing money.”


Here’s the precise distinction:


Literal printing vs. modern money creation​


  • The Bureau of Engraving and Printing (Treasury) physically prints paper currency (Federal Reserve Notes). The Fed does not run the printing presses.
  • The vast majority of the money supply today is not physical cash. It is electronic bank deposits and reserves.

When the Fed conducts quantitative easing (QE) or otherwise expands its balance sheet, it creates new digital reserves out of thin air by buying assets (mostly Treasuries and mortgage-backed securities). It simply credits the seller’s bank account with newly created electronic money. Those reserves then support broader money creation through the banking system (loans create deposits).


That process is what expands M2 (and the monetary base). It is functionally equivalent to printing money even though no new paper bills are rolling off a press.


During the Biden years specifically​


The big expansion of M2 in 2020–early 2022 was driven by:


  1. Massive fiscal spending / deficits (Treasury issued a flood of bonds).
  2. The Fed buying a large portion of those bonds with newly created reserves (QE).

That combination put a lot of new money into the system. Later, when the Fed switched to quantitative tightening (letting bonds roll off without replacement) and raised rates aggressively, M2 contracted for a while — the reverse of “printing.”


So when people say “the Fed printed money under Biden,” they are referring to the large-scale creation of new electronic reserves and the resulting growth in the broad money supply.

That is accurate in the economic sense, even if it is not literal ink-on-paper printing.



Poor Anchovies.
 
archives said:
You implied Democrats aren’t loving Trump telling Americans to pay more, close enough
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Any inference you arrived at is solely your responsiblity, Anchovies.

Y O U claimed to speak for all Democrats.

Poor Anchovies.
 
Noking said:
Stoney Baloney, I suppose that you're going to tell me that, because of your superior intelligence and hard work that you're independently wealthy and you're not worried about inflation.
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Didn't you know? All tRumplings are independently wealthy job creating business moguls who moonlight as sniper/gunsmiths with summer homes, the biggest trucks, trophy wives, and huge stock portfolios.

On the internet, that is.
 
Crepitus said:
Didn't you know? All tRumplings are independently wealthy job creating business moguls who moonlight as sniper/gunsmiths with summer homes, the biggest trucks, trophy wives, and huge stock portfolios. On the internet, that is.
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Is that so?
 
Crepitus said:
Didn't you know? All tRumplings are independently wealthy job creating business moguls who moonlight as sniper/gunsmiths with summer homes, the biggest trucks, trophy wives, and huge stock portfolios.

On the internet, that is.
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You sound jealous.
 
T. A. Gardner said:
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OMG, you're naivety is beyond help.
 
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