Great inventions and substantial productivity growth of the Roaring Twenties brought unprecedented prosperity to the United States. After Black Thursday in the fall of 1929 however, the U.S. economic landscape changed dramatically. To ensure that the bitter experience of the Great Depression does not recur, Wesley Mitchell and Morris Copeland, the architects of flow-of-funds analysis, urged a better understanding of the circulation of funds, the means of payment. The new century has so far brought us many technological innovations and new ways of doing business. The objective of the paper is to find out if and how well the funds have been flowing in the U.S. economy over the past two decades, using the flow-of-funds matrix (payer-payee matrix) proposed by Tsujimura and Tsujimura ([2018]. A flow of funds analysis of the U.S. quantitative easing. Economic Systems Research, 30(2), 137–177. https://doi.org/10.1080/09535314.2018.1443908). The industrial revolution of the new century does not seem to have enough momentum circulating funds, the lifeblood of the economy.

咆哮的二十年代的伟大发明和生产力的大幅增长为美国带来了前所未有的繁荣。然而，在 1929 年秋季的黑色星期四之后，美国经济格局发生了巨大变化。为了确保大萧条的惨痛经历不再重演，资金流动分析的设计师韦斯利·米切尔和莫里斯·科普兰敦促人们更好地了解资金的流通和支付方式。新世纪迄今为我们带来了许多技术创新和新的经商方式。该论文的目的是利用辻村和辻村 ([2018) 提出的资金流向矩阵 (payer-payee matrix)，找出过去 20 年美国经济中资金是否流动以及流动情况如何。 ].美国量化宽松的资金流向分析。经济系统研究，30（2），137-177。https://doi.org/10.1080/09535314.2018.1443908）。新世纪的工业革命似乎没有足够的动力流动资金，这是经济的命脉。