Fun with Money Supply

April 2, 2008 3:38 PM by Mark Thornton (Archive)

Here is a nice tool available on Mises.org, linked from the Markets page: it is an Austrian definition of the money supply as compared with other standard measurements, updated as data become available.

Comments (4)

Kirzner Fervor

Obviously we can download this ourselves and create our own Real True Money Supply, but I think there should be a button that lets you either download or view this statistic divided by CPI (or another measure of inflation or Gold or something) just for the sake of ease and it is easy to program. I find changes in real money supply data more important than nominal.

Published: April 2, 2008 6:44 PM
wuzacon

Mark,

Either I am doing something wrong or there is something wrong with the TMS data when I download it. When I view the chart, the latest TMS value is about $5000 billion, but the highest value for TMS in the download is $1346 billion.

Help and thanks for posting.

Published: April 2, 2008 7:03 PM
newson

seem to me that with all due respect to salerno and shostak, the austrian money definition is still open to debate. stefankarlsson is the counterpoint. he likes mzm, and argued this preference on his blog. i find his arguments convincing.

one question: couldn't you source the synthesized m3 figures from shadowstats.com? or perhaps it's a handy reminder of the perfidy of the fed in dropping the series.

Published: April 3, 2008 10:49 AM
Alex

How to build the TMS for the Euro?

Published: June 22, 2008 6:53 AM