3 ms·

> The Federal Reserve doesn't even publish the amount of M3 money anymore: except they do. See below. https://fred.stlouisfed.org/series/MABMM301USA657S https

> The Federal Reserve doesn't even publish the amount of M3 money anymore: except they do. See below. https://fred.stlouisfed.org/series/MABMM301USA657S https://fred.stlouisfed.org/series/MABMM301USA657S I am not anti-crypto. I think in the future most transactions would move there. But the state of the current crypto's won't get us there. If you close your eyes for a min and just think about the .com bust that is exactly what is happening here. I know of companies during that time that had nothing to do with IT and they would just announce that they are investing in IT and there stocks would triple. Read below for similar crypto news. https://www.bloomberg.com/news/articles/2017-12-18/fintech-mircocap-stock-jumps-2-400-after-touting-crypto-link https://www.bloomberg.com/news/articles/2017-12-18/fintech-m...

etr-strike 9y ago
Hmm I'm confused in that case. Did the Fed start publishing it again? The link I provided is to the official Federal Reserve website clearly stating they are discontinuing the publication of M3.
mitchellberry 9y ago
> except they do. See below. https://fred.stlouisfed.org/series/MABMM301USA657S https://fred.stlouisfed.org/series/MABMM301USA657S > Source: Organization for Economic Co-operation and Development St Louis fed is publishing third party estimates there, official reporting stopped in 2007.
- victor106 9y ago
  See this https://mises.org/library/death-m3-fifth-anniversary https://mises.org/library/death-m3-fifth-anniversary And https://www.garynorth.com/public/6538.cfm https://www.garynorth.com/public/6538.cfm TLDR: The end of the first link provides a response from Bernanke which says that the public would still have access to the data but the fed won’t aggregate it and report it. What the OECD does is the aggregation and reporting based on the raw fed data. The second link provides why the M3 was useless to begin with.

etr-strike 9y ago

Hmm I'm confused in that case. Did the Fed start publishing it again? The link I provided is to the official Federal Reserve website clearly stating they are discontinuing the publication of M3.

mitchellberry 9y ago

> except they do. See below. https://fred.stlouisfed.org/series/MABMM301USA657S https://fred.stlouisfed.org/series/MABMM301USA657S > Source: Organization for Economic Co-operation and Development St Louis fed is publishing third party estimates there, official reporting stopped in 2007.

victor106 9y ago
See this https://mises.org/library/death-m3-fifth-anniversary https://mises.org/library/death-m3-fifth-anniversary And https://www.garynorth.com/public/6538.cfm https://www.garynorth.com/public/6538.cfm TLDR: The end of the first link provides a response from Bernanke which says that the public would still have access to the data but the fed won’t aggregate it and report it. What the OECD does is the aggregation and reporting based on the raw fed data. The second link provides why the M3 was useless to begin with.