> that's literally meaningless. But that's literally the definition of M2. You look at the currency in circulation, the deposits at banks and other things not

> that's literally meaningless. But that's literally the definition of M2. You look at the currency in circulation, the deposits at banks and other things not present in that example and you add them up. (I'm not sure why would you think that I'm not aware that the balance sheet of a bank is full of deposits and loans among other things, by the way. The whole discussion is about banks taking deposits and making loans!)