Tag Archives: m3

Episode-434- The Basic Financial Education We Never Get in School

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By the time our children are in high school today they should be getting what I consider to be a basic financial education.  In fact our citizens in college today don’t get this education unless they specialize in economics or finance and even then it is slanted to the “Statist” or “Keynesian” model. Join me today as we discuss the following… What is money? What is a backed currency? What is a “fiat currency”? Why does money exist? What is M0, M1, M2 and M3? What is inflation? What is debt? Can a currency also be a debt? How are … Continue reading →

Episode-156- Recovery Equals Inflation

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Right now everyone is wondering when the economy is going to recover.  They are waiting for it as a tribesman awaits rains coming to the desert.  Oh won’t it be a glorious day when the Dow reverses course and begins a sustained climb, the banks open the mortgage food gates and “good Americans” do their patriotic duty and spend money? Hold on, my problem with this is in reality this is the recovery!  The nation turned into a bunch of credit, debt and spending addicts.  What you see now is the nation in rehab!  300 million addicts coming off the … Continue reading →

Episode-12- What is the M3 Money Supply and What Does it Mean to You?

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So just what is the M3 Money Supply? It is the value of all U.S. Dollars in Circulation. The M Factors of US currency are broken down as follows, M0: M0 (M-zero) is the most liquid measure of the money supply. It only includes cash or assets that could quickly be converted into currency. This measure is known as narrow money because it is the smallest measure of the money supply. M1: M1 is M0 + checking accounts. This is used as a measurement for economists trying to quantify the amount of money in circulation. M2: M2 is M1 + … Continue reading →