PE33: Are credit cards part of the money supply? (XIII)

Check out show sponsor Coinkite: https://coinkite.com/ Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/ This is the thirty-third installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast. Contents 00:00 Intro 01:47 M0 02:48 M1 non-M0 03:33 M2 non-M1 03:44 M3 non-M2 07:37 Assets vs. Liabilities of CCs 11:40 Batching 13:18 CC purchase volume in 2022 = $9.56 trillion 14:40 Revolving credit USA 17:08 Credit card debt vs. Demand deposits 24:00 HALO Privacy Bonus video on the US money supply! Which "M curve" do credit card purchases and debt fit into? The answer is... none! Credit cards are an entirely different type of economic activity than bank money, and state money, which we studied in the previous twelve videos in our money supply series. https://porkopolis.io https://twitter.com/crypto_voices Show content is not investment or financial advice in any way.

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