Is the dollar still
being debased?

Snapshot shown until live data loads · data refreshed 2026-07-30 · rate moves shown in percentage points (pp)

How fast is the money supply growing?

M2 is the broad measure of dollars in the system: cash, checking, savings, and money-market balances. It is +5.53% over the past year verify×DON'T TRUST, VERIFYClaim: M2 (FRED M2SL) is the broad U.S. money supply and its year-over-year change is shown above.Verify at: FRED M2SL ↗Monthly series from the Federal Reserve; this page reads it directly.. For context, M2 grew roughly 41% in the 25 months from 2020 to 2022 (FRED M2SL). The chart below is the long view since 1971, the year the dollar was cut from gold.

Is official inflation keeping up with the money printing?

No, and the gap is the point. CPI, the government's official price index, is +3.46% year-over-year verify×DON'T TRUST, VERIFYClaim: CPI (FRED CPIAUCSL) year-over-year change is shown above.Verify at: FRED CPIAUCSL ↗Headline CPI for all urban consumers, seasonally adjusted., while M2 grew +5.53%. When the money supply outruns the official price level, the spreadspreadThe difference between the market price of Bitcoin and what an exchange actually charges you, a hidden cost on top of stated transaction fees.Full definition shows up later, in asset prices and in the cost of the things CPI underweights. A 3.46% price rise means a dollar held for a year lost about 3.3% of its purchasing powerpurchasing powerWhat a dollar can actually buy, not what the dollar number says. A 1971 dollar bought a gallon of gas. Today's dollar buys roughly a third of one. Same dollar, much less buying ability.Full definition.

What do mortgage and Treasury rates say?

Money is still expensive. The 30-year fixed mortgage sits at 6.58% verify×DON'T TRUST, VERIFYClaim: The Freddie Mac 30-year fixed rate (FRED MORTGAGE30US) is shown above.Verify at: FRED MORTGAGE30US ↗Weekly Freddie Mac Primary Mortgage Market Survey. and the 10-year Treasury, the benchmark for the price of money, yields 4.61% verify×DON'T TRUST, VERIFYClaim: The 10-year Treasury constant-maturity yield (FRED DGS10) is shown above.Verify at: FRED DGS10 ↗Daily constant-maturity Treasury yield from the U.S. Treasury via FRED.. Rate moves are shown in percentage points because that is how borrowing cost actually changes.

Is Bitcoin failing as an inflation hedge?

Over the last 12 months it is down about 46% in dollars. Over four-year holding periods, its history has so far run the other way. Bitcoin is a multi-cycle, high-volatility store of value, not a one-year inflation swap; judging the thesis on a single down year is the same mistake as judging stocks in March 2009. The honest version of this argument, including the years it has lagged, is in the inflation-hedge breakdown. What this dashboard shows is the setup: a money supply that keeps growing while the exit is on sale.

How is this dashboard sourced and updated?

Every number comes from a free primary source and is fetched server-side into a same-origin snapshot, no third-party scripts, no API keys in your browser. M2, CPI, the mortgage rate, and the Treasury yield come from FRED (Federal Reserve Bank of St. Louis); the Bitcoin price comes from CoinMetrics. The raw files are public: /data/macro.json and /data/btc.json. How and why I cite everything is on the verify page.