[SeeSharp]

The US pretty much gave up creating new money in the late 70s-early 80s

What? Did you really say that? Google "quantitative easing".

[PIF]

I just lost the body of the comment I spent time on. So this will have to make do.

You are conflating two things real money with printed money - aka quantitative easing.

New money is generated through export of things made - we no longer make anything - everything we used to make has been shut down by liberal policies (Rep & Dem). We are at best a service nation where the lion’s share of jobs are menial.

Hope this helps - sorry I lost most of this comment.

[skimbell]

You need to "think over" the terminology,

ie. real vs. physical.

[steve86]

Yeah, I choked on that also. Big difference between M1 and other measures subject to QE.