In the UK, GDP is said to trend long-term to an increase of around 2.5% per year, hence also the Monetary Policy Committee's figure for inflation target-setting.
Since 1963, the M4 money supply has grown by an average of slightly under 13.5% per year. So that would be about 11% p.a. relative to GDP.
This means that bank lending, as a proportion of GDP, doubles every 7 years.
How long can this continue? How long before we are completely robbed and enslaved? Or am I asking a fool's question?