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Austrian Money Supply Metrics, Now Global

Economics / Money Supply Aug 01, 2010 - 02:56 PM GMT

By: Michael_Pollaro

Economics

On April 19th, 2010,  I penned an essay called Money supply metrics, the Austrian take in which I presented the logic behind what I believe to be the correct formulation of the money supply, one based on the monetary insights of the Austrian school of economics.


Also at that time I began publishing, to readers of THE CONTRARIAN TAKE, monthly analytics on the U.S. money supply under the Austrian and mainstream formulations.

That series is now going global.

Again using the Austrian take on money, THE CONTRARIAN TAKE will be adding money supply metrics for the Eurozone and Japan to its monthly Austrian money supply series.  Like the U.S. series, full historical data and chartwork will be standard.

To wet your appetite, and a preview of what will be a monthly feature of this expanded series, here is how the three currency blocks currently stack up:

Austrian Money Supply, Annualized Rates of Growth

As is the case with THE CONTRARIAN TAKE’s U.S. series, money supply definitions, sources and references are included to help readers navigate through, and better interpret the series.  Included are:

Money Supply Definitions, the Austrian Take.  Defines money and banking terms, those tracked in the series, from an Austrian perspective.  Focus is placed on helping the users of the series better understand the real drivers behind the money creation process and in so doing provide a better understanding of the causes behind the ebb and flow of the money supply.

Austrian Money Supply Definitions, Sources and Notes, each currency block. Documents the formulation of Austrian money supply in each currency block and provides its component sources.  Care is taken to explain and compare the Austrian formulation from the mainstream benchmark employed in each currency block.

References. Recommended reading, to better understand the formulation of Austrian money supply and the importance of having a correct formulation.

To see the entire monthly series offering – the latest money supply data for all three currency blocks, with full historical data and chart work, as well as the details on definitions, sources, notes and references – click here on Austrian Money Supply.

For a quick link to money supply definitions, sources, notes and references, click here on Austrian Money Supply Definitions, Sources, Notes and References.

I would like to thank Michael Althof, Stefan Karlsson, Antony Mueller and Steve Saville for the help they provided in my effort to sort out the Eurozone money supply definition under the Austrian framework.

By Michael Pollaro

Michael Pollaro writes a column called THE CONTRAIAN TAKE at True / Slant.com, its mission statement to present thoughts and ideas on important financial market and economic trends from the perspective of a free-market, Austrian economist.

Michael Pollaro is a retired Investment Banking professional, most recently Chief Operating Officer for the Bank's Cash Equity Trading Division. He is a passionate free market economist in the Austrian School tradition, a great admirer of the US founding fathers Thomas Jefferson and James Madison and a private investor.

Website: http://trueslant.com/michaelpollaro/ Email: jmpollaro@optonline.net

    Copyright © 2010 Michael Pollaro - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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