Euro Money Supply vs. U.S.: Why Europe Now Has More Cash Than America

Show Notes

In this clip, Matthew traces the evolution of the Eurozone’s money supply from its launch in 1999 to today’s surprising reality: the Euro area now holds more in demand deposits and physical currency (M1) than the United States. With $12.1 trillion in euro-denominated M1 versus $10 trillion in the U.S., the Eurozone is quietly leading in base money creation. We also look back at the original members of the Euro, how data from legacy central banks like the Bundesbank, Banque de France, and Banca d’Italia are used to reconstruct monetary history, and why getting reliable pre-1999 data is so difficult. Finally, the episode walks through how the ECB backward-adjusts its figures and how this “quiet inflation” compares to America’s broader base money trends. A Clip From Porkopolis Economics Episode 241 Chapters: 00:00:00 - Intro 00:00:11 - Evolution of Euro Money Supply 00:01:09 - History of Eurozone Currency 00:02:53 - Understanding Broader Money Supply 00:03:19 - Comparing M1 Money Supply: US vs Euro 00:04:33 - Euro Area vs. United States Currency Show Sponsor: Debifi - https://debifi.com/ Donations to Porkopolis Economics via BTCPay are appreciated: https://donate.basemoney.world/i/9Y1RzT4cp3y8VEYhjEKkwi Host: Matthew Mezinskis https://porkopolis.io Twitter: https://x.com/porkopolis_econ Show content is not investment or financial advice in any way. #euro #money #unitedstates