I object to this formula as it has no predictive value.
I'd prefer to just use the empirical data offered here
As you can see 10 years ago m3 stood at 4576 and today it is 9874, roughly an 8% per year growth.
I believe you when you said M3 grew at 8% a year. I asked you what inflation rate was caused by that 8% M3 growth rate. You said 8%.
Please show me the formula that turns M3 growth into inflation. Thanks.