US Money Supply Growth Hits A 59-Month High In July
The Mises Institute's TMS gauge rose 8.62% year over year in July, while the Fed's own M2 confirmed 5.41% growth, a 49-month high.
- True money supply (TMS) rose 8.62% year over year in July, a 59-month high, Ryan McMaken reported.
- M2 grew 5.42% year over year by the Mises Institute's count, its fastest pace in 49 months.
- The Federal Reserve's own H.6 release, published August 25, 2026, put July M2 growth at 5.41%.
Why it matters: Money growing faster than goods and services is the tax no legislature ever votes on.
Mises Institute (Ryan McMaken, Mises Wire, Sept 9 2026), corroborated by Federal Reserve H.6 release (Aug 25 2026, July data) ↗ · Sep 15, 20269/15/26