Economy

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

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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…



Source cnbc.com

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