Modern economists attempt to define money by correlating it with economic activity. As Austrian economists know, money is ...

M2 is a classification of money supply. It includes M1 – which is comprised of cash outside of the private banking system plus current account deposits – while also including capital in savings ...

I've been a fan of the M2 measure of money for a very long time. It's been the most stable definition of money, and it's had the best correlation to the economy of any other measure. As these charts ...