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July 2009



Steve Saville: M3's False Signal and the Japan Myth

July 27, 2009 – Comments (2)

Another fantastic article by Steve Saville. I have said in numerous posts, and especially in my gold post that when talking about the money supply and whether it is growing or shrinking, you have to be very careful what you call money. Using M3 to measure money supply presents some pitfalls because some of the quantities in M3 are NOT money, or more specifically do not increase or decrease the money supply. These two articles are good ones that talk about True Money Supply (TMS) which is discussed in the article below: Steve Saville: Market Value, Money and Credit and Mises: TMS.  [more]




July 09, 2009 – Comments (5)

IGNORE THIS POST - I am testing / debugging HTML that did not work in the original until after I posted the message (it looked fine in the preview)  [more]

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