M1 and the monetary base are almost equal at this time, but this is unprecedented in modern monetary history, as usually the monetary base is a fraction of M1.

M1 and the monetary base are almost equal at this time, but this is unprecedented in modern monetary history, as usually the monetary base is a fraction of M1. | Patrick Baronhttps://t.co/eviM5Rm4Pa

— Mises Institute (@mises) December 21, 2018