We use the number of units of each currency that are created as a measure of currency confidence or risk. When additional units of a currency are created there is a greater risk of a loss of purchasing power due to inflation or hyperinflation of the currency price of goods and services. People usually refer to currency as money unless it is debased severely by new currency creation. True money like gold and silver cannot be created by private and central banks.
Saturday, July 29, 2017
USA Money Supply Up to Dec 2016
MZMNA (Money Zero Maturity not adjusted) is a measure of the liquid money supply within an economy. MZM represents M2 less smaller time deposits, plus money market funds.
M3NA (M3 not adjusted) is a measure of money supply that includes all elements of M2 as well as large time deposits, institutional money market funds, and other larger liquid assets. On March 23, 2006, the Federal Reserve Board of Governors ceased publication M3 as it considered that it did not convey additional information beyond 2 figures and that the costs of collecting the data outweighed the benefits.
Source: Federal Reserve Bank of St. Louis, 29 July 2017
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