Which is the best measure of money supply, "M3" or rothbard's "True Money Supply" aka (TMS)?

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lilbromarky1
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Which is the best measure of money supply, "M3" or rothbard's "True Money Supply" aka (TMS)?

I find myself constantly in inflation/deflation debates, and I can't ever settle the dispute because me and the other person can never agree on the best way to measure the money supply.   So which is better, per my thread title?

If there's another measure out there besides those 2 I'd like to know...

Edited by admin on 11/08/2014 - 06:02

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Dr Durden
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Turd's MF

Turd's MF Glowballz account?

How about the parabolic rise in gold over the past 20 years. What else do you need to look at in terms of "money."? Too many 001010's chasing too few oz.

As far as I'm concerned, we're basically at the point of 011010 saturation and the only way out is through a paper fire. As it's destroyed whatever's out there has to find a place to go that's not paper, hence the $10,000 - $50,000 gold calls we all are aware of. All assets return to their intrinsic value.

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bernard
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As Durden says... what money

As Durden says... what money supply? Money is digital! When the Fed loans 7.7 trillion out, it never prints a dollar... just adds the zeros to the bank's reserve account... which then transfers the zeros to the CDS counter-parties.... most of which will forever remain digitalized. However, the cash splurges (think Italian automobiles and Seedy Dinner Parties for the S-CORP...) will inevitably lead to some of that cash going out into the real economy. But really... its just a matter of time before those 0010101s start chasing GOLD FUTURES contracts... en masse... until the futures contract system is proven to be the lie it is... and there is no physical bullion available

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lilbromarky1
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Thanks for the replies.  Can

Thanks for the replies.  Can someone define the term 0010101's?  Where did this expression come from?

Also, from above I gather that the people that replied do not consider something like this as money since its not actually being demanded?

http://www.federalreserve.gov/releases/h3/Current/

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jonbutterfly
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Stock futures keep rising -

Stock futures keep rising - it is unfathomable. How is it possible that the US economy is doing "well"??? All underlying information is point towards an economic collapse: http://djia.tv/reuters/us-morning-call-stock-futures-rise-ahead-of-jobs-report/

lilbromarky1
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jonbutterfly wrote: Stock

jonbutterfly wrote:

Stock futures keep rising - it is unfathomable. How is it possible that the US economy is doing "well"??? All underlying information is point towards an economic collapse: http://djia.tv/reuters/us-morning-call-stock-futures-rise-ahead-of-jobs-report/

Most of us know this.  To calculate for yourself, simply take snapshots of the Dow, and divide that by the value of something like Oil, Gold, Cotton.   Take these measurments over the course of the last decade and plot them on a graph. 

You'll see the failure

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williamK
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Isn't it a good thing that

Isn't it a good thing that even US had maybe a "bad" year this year, there's still a positive future awaits for everyone. And i guess, on what i have read just an hour ago, this holiday, online businesses earns a lot during the black friday and thanksgiving as compared to last year. While reading the article, i might say consumers still have a lot of money to spend, and it seems that they don't feel any economic crisis now. So with this, i think America has a good future. But then on the other hand, as i was surfing the net and read lots of articles, i found out that there are a lot of money lending businesses arises especially online like the payday loans i have read here: https://personalmoneynetwork.com/payday-loans/. Do you think this kind of loans do help?

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