Hi Bart,

I was wondering if I can beg for a new chart from. I would like, if it is not too much to ask, for a true M1 money multiplier, where the excess reserves (the phony money which the Fed lends to banks and banks deposit back with the Fed in a circular financial alchemy) is substracted from the BASE.

Thank you

(any other improvements of this chart, additions and comments would be highly appreciated )