M5 is a formula I came up with a few years ago to measure the money supply. I think I named it so it wouldn't conflict with other measurements. Anyways this is the current calculation:
M5 As of 9/30/2023:
M2 (as of 9/30/23) = 20,754.9
Public Debt (as of 9/30/23) = 26,330.1
Less Fed Held = -4,900.1
Total = 42,184.9
The first time I did this calculation was about 10 years ago and the number was 20,561.8. So it has more than doubled since then.
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