US Monatery Base

The monetary base is the amount of money in the economy and consists of coins, paper money, and commercial banks' reserves with the central bank. This base is the only thing a central bank can control directly.

I have plotted a historic graph of the monetary base below. The base shot up like a rocket in the last two years. The Fed must be desperate to employ such an unprecedent measure.

Please keep in mind that the USD 600 billions of QE2 are not included (it would not even fit in)!