Death of M3: The Fifth Anniversary - Jire Sekar - Mises Daily

Death of M3: The Fifth Anniversary - Jire Sekar - Mises Daily: "M3 was probably the most important statistic produced by the Fed and the best leading indicator of economic activity and inflation. The Fed's lack of interest in the components of M3 can be directly linked to its inability to foresee the 2008 collapse of the financial system."