I hear about the M3-thing a lot. What can you learn from M3 that you can’t learn from M2, and a little homework?
True, I’ve seen that some people have been working to extrapolate it and have calculated that the money supply is growing 12% since 2001. Lets see, the money supply doubles, the cost of most commodities are up at least 100%, real estate doubles, yet inflation in only 3%.