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SOURCES OF FUNDS TO MEET GOV'T EXPENDITURES BILLIONS OF DOLLARS FISCAL YEARS BILLIONS OF DOLLARS COMMERCIAL AND F. R. BANKS 100 " 100 80 60 40 20 1939-40 1940-41 1941-42 1942-43 1943-44 f PARTLY I f BUDGET ] [ESTIMATED; [ESTIMATE; 0 INFLATIONARY GAP BILLIONS OF DOLLARS CONSUMER BILLIONS OF DOLLARS AVAILABLE FOR NEW TAX^S FOR SAVINGS OR INFLATION 120 - INCOME ABOVE TAXES 120 ABSORBEO BY PRICE RISE. CONSUMER GOODS. 100 100 80 60 40 20 0 1939 1940 1941 1942 1943 (ESTIMATED) MONEY SUPPLY BILLIONS OF I)OLLARS BILLIONS OF QOLL CALL DATES 80 80 I 70 1 70 f 1 1 I 60 60 // i 50 —If 50 1 I / 40 40 MB* A T(DTAL / / / 30 30 / *+ •* DEMAND 20 DEPOSITS 20 y / / 10 OURRENCY ••Hii^i • 0 1930 1932 1934 FIGURES FOR MAY 1943 ESTIMATED. 1936 1938 1940 1942 I0
@FedFRASER