Australia and money supply growth

Discussion in 'Markets & Economies' started by rbaggio, Feb 6, 2011.

  1. Dogmatix

    Dogmatix Active Member

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    Thanks :)

    I should consult wikipedia more often
     
  2. SilverSaviour

    SilverSaviour New Member

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    The reason the money supply still expanded during the gold standard was because the governement was still cheating. They were still "printing" money out of thin air.
    That why the gold standard had to be ended, so much more money had been created than what the underlying gold base allowed.
    The gold standard was a bad idea. What we need is a "gold coin" standard. No central bank, and 100% backed currency.
     
  3. Ernster

    Ernster New Member

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    Whoever has control of the money is always going to take their cut. I don't believe any man made system can stay honest for too long.
     
  4. SilverSaviour

    SilverSaviour New Member

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    The only problem is the government. The government is NEVER honest, and can NEVER be expected to do the right thing for the people.
    In a free market the action of consumers and competition would never allow this to continue for very long.
     
  5. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    Exactly. That's why need sound money, free banking and liquidation of the central bank and privatisation of the mints.
     
  6. hawkeye

    hawkeye New Member Silver Stacker

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    We need market-based money. We need competition in money. Who knows what configuration or what innovations there might be surrounding money if anyone was free to enter the marketplace and present their ideas to customers?

    Central banking is a centuries old technology now. It has no place in the modern world.
     
  7. SilverSaviour

    SilverSaviour New Member

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    Exactly

    It has a very important place in the world, it just depends on your perspective.
    If you are involved in the government or a government special interest group then a central bank is very important to constantly rob ordinary people and maintain the ever expanding power and size of the state.
     
  8. hawkeye

    hawkeye New Member Silver Stacker

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    Central Banking is a barbarous relic.
     
  9. SilverSaviour

    SilverSaviour New Member

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    that doesn't mean it is going away...
     
  10. rbaggio

    rbaggio Active Member Silver Stacker

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    An observation.

    Back in 1959, currency (notes + coins in circulation) was approx 10% of the total money supply here in Australia.

    In 2012, currency is now only 3.75% of the total money supply.

    [​IMG]

    [​IMG]
     
  11. rbaggio

    rbaggio Active Member Silver Stacker

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    Over the month of August, M3 grew by 0.2percent and broad money grew by 0.2percent. Over the year to August, broad money grew by 7.2percent.
     
  12. SilverSaviour

    SilverSaviour New Member

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    and what are the official inflation figures ?
     
  13. rbaggio

    rbaggio Active Member Silver Stacker

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  14. rbaggio

    rbaggio Active Member Silver Stacker

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    Over the month of September, M3 grew by 0.6percent and broad money grew by 0.6percent. Over the year to September, broad money grew by 7.1percent.
     
  15. rbaggio

    rbaggio Active Member Silver Stacker

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    Over the month of October, M3 grew by 0.3 per cent and broad money grew by 0.2 per cent. Over the year to October, broad money grew by 6.8 per cent.
     
  16. rbaggio

    rbaggio Active Member Silver Stacker

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    Over the month of November, M3 grew by 0.2 per cent and broad money grew by 0.2 per cent. Over the year to November, broad money grew by 6.6 per cent.
     
  17. rbaggio

    rbaggio Active Member Silver Stacker

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    Over the month of December, M3 grew by 0.6 per cent and broad money grew by 0.5 per cent. Over the year to December, broad money grew by 6.6 per cent.
     
  18. rbaggio

    rbaggio Active Member Silver Stacker

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    Over the month of January, M3 grew by 0.7 per cent and broad money grew by 0.5 per cent. Over the year to January, broad money grew by 6.3 per cent.
     
  19. rbaggio

    rbaggio Active Member Silver Stacker

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    Over the month of February, M3 grew by 0.2 per cent and broad money grew by 0.1 per cent. Over the year to February, broad money grew by 6.0 per cent.
     
  20. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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