W.I.T. #14 - Does the Money Supply Matter More Than Interest Rates?

The sudden increase in the money supply over the last two years may help explain the inflation we are dealing with today.

Three Things Worth Sharing

When I talk to parents about how the cost of college is significant but doesn’t start at zero, I usually cite USDA estimates of the cost of raising a child from age 0 – 17…but we don’t often reflect on the total cost of raising a child. I recently came across a PDF of a 2015 USDA report that estimated that it costs almost a quarter of a million dollars to raise a child in the U.S. With inflation being what is has been as of late, I wouldn’t be surprised if that figure is nearing $300,000 today.

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With the baseball playoff hunt starting for real in the coming weeks, you should think about queueing up the movie A League of Their Own on the next rainy weekend. The movie turned 25 this summer as I found out in this great article which gives some interesting on some of the back stories. I had forgotten how many stars were in the movie – which in addition to being directed by Penny Marshall included Geena Davis, Rosie O’Donnell, Madonna and Tom Hanks (before he was TOM HANKS). It’s a baseball classic - or perhaps THE baseball classic?

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Speaking of sports and classics, check out this interesting tidbit:
• August 29, 2001: Albert Pujols hits a home run and Serena Williams wins at the US Open.
• August 29, 2022: Albert Pujols hits a home run and Serena Williams wins at the U.S. Open.
By the way, as of that home run a week ago, Pujols needs just six more home runs to reach 700.