Cash in circulation is soaring, and that usually means good things


A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo

Yuriko Nakao | Reuters

The amount of currency in circulation soared last year at a rate unseen since World War II, providing what historically has been a good sign for the economy.

Amid a massive influx of cash from fiscal and monetary authorities, total currency in circulation soared to $2.07 trillion by the end of the year, according to Federal Reserve data.

That marked an 11.6% gain from a year earlier and was the biggest one-year percentage increase since 1945, as the nation was coming out of the war and the military-industrial complex took hold.

A major reason was the $2.2 trillion stimulus bill the government passed…


Jamie Dimon, other business leaders, call for Trump to halt violence

Previous article

American Airlines moves flight crews to DC airport hotels

Next article

You may also like

Leave a Reply

Notify of

More in Economy