Exactly, this is why M2 & M3 are an order of magnitude greater than the monetary base. http://en.wikipedia.org/wiki/File:Components_of_US_Money_supply.svg http:

Exactly, this is why M2 & M3 are an order of magnitude greater than the monetary base. http://en.wikipedia.org/wiki/File:Components_of_US_Money_supply.svg http://en.wikipedia.org/wiki/File:Components_of_US_Money_sup...