TRUE MONEY SUPPLY (TMS) STATISTIC: HOW IS IT CALCULATED???????

Does anyone know how TRUE MONEY SUPPLY (TMS) is calculated by the Mises Institute on the “Markets and Data” page?

What are the Components?

What is the Formula?

Thanks!!!

S34

It is explained by Shostak: http://mises.org/journals/qjae/pdf/qjae3_4_3.pdf

Thanks!!!

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