US money supply plunges at 1930s pace as Obama eyes fresh stimulus

The collapse of the M3 money supply is interesting, but not terribly useful in and of itself. In the context of rapid debt monetization, it may mean nothing more than people want to circulate their money, but don't want it in the bank, either. It also suggests Obama and Bernanke are trying to keep strong inflationary and deflationary forces in equilibrium, forces I hope they understand.