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<p>[QUOTE=&quot;KBBPLL, post: 25481465, member: 104064&quot;]If you zoom in on this chart <a href="https://fred.stlouisfed.org/series/CURRCIR" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://fred.stlouisfed.org/series/CURRCIR" rel="nofollow">https://fred.stlouisfed.org/series/CURRCIR</a> for 1920-1940, and the numbers are accurate, removing $250m from circulation was around 5% of the $5.3b total currency in circulation. By mid-1922 when it bottoms out, there was 23% less currency in circulation than the 1921 peak. It ramps up again through 1923 and is relatively stable for the rest of the decade. I don&#039;t know how the numbers are calculated but I thought the graph was interesting in relation to this discussion.</p><p><br /></p><p>Another interesting thing, if my math and sources are correct, is that there are more US dollars in circulation today than the value of all the silver ever mined, worldwide. Looking back, it doesn&#039;t seem like this insistence on having silver backing every dollar in circulation was going to be physically possible in the long term.[/QUOTE]</p><p><br /></p>

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