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Dollar amount in economy nearly doubled since 2016, Andrew Follett notes

Dollar amount in economy nearly doubled since 2016, Andrew Follett notes
Dollar supply nearly doubled since 2016

Andrew Follett states that there are almost twice as many dollars in the economy today as there were in 2016.

He links this surge in dollar supply to the increase in prices.

Follett has recently commented on other economic trends. He noted that 86% of U.S. millionaires did not grow up wealthy and just 3% inherited over $1 million in an analysis of self-made wealth. In a separate article, he argued that Iran attempted to drive oil prices to $200 a barrel, but prices stayed below $80 throughout the effort, according to his report on oil markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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