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Friday, November 08, 2013

This One Chart Shows You Who’s Really In Control

Check out this chart below. It’s a graph of total US tax revenue as a percentage of the money supply, since 1900.

For example, in 1928, at the peak of the Roaring 20s, US money supply (M2) was $46.4 billion. That same year, the US government took in $3.9 billion in tax revenue.

So in 1928, tax revenue was 8.4% of the money supply.

In contrast, at the height of World War II in 1944, US tax revenue had increased to $42.4 billion. But money supply had also grown substantially, to $106.8 billion.

So in 1944, tax revenue was 39.74% of money supply.
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1 comment:

  1. AnonymousNovember 8, 2013 at 5:51 PM

    I don't get it. The second chart is stretched out to make it look flat, but the first shows a sucking sound. Still way higher than before 1940, the only thing I deduce from this chart is that the GOV needs to STOP SPENDING MONEY.

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