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 ...

In 2025, we've seen M2 start growing at a robust pace, with the US M2 hitting $21.86tn in April 2025, up from $21.44tn in December 2024. This places it above early 2022's peak, and marks a record high ...

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 ...