I would just like to Senior skip day champions class of 2020 shirt point out that the money supply is part of the total wealth. The amount of total wealth that the money supply comprises can vary considerably, but if one wanted to figure out the real value of the money supply, then like any other form of wealth, we can use the inflation rate. So for example, if we had a money supply of 22 million dollars in the current year, it would be worth 20 million dollars 5 years ago, and its contribution to the total real wealth of the current year would be 20 million dollars. In real terms, 22 million dollars today is equal to 20 million dollars in the anchor year. That doesn’t mean that the money supply was 20 million in the anchor year. Sizes of money supply can vary widely.
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Now accountings of wealth do Senior skip day champions class of 2020 shirt not always have to include every possible type of form of wealth. You can do accountings of all the wealth, or any portion of it, any category of it. And when one is doing calculations of a given amount of any type or category of wealth, those valuations may vary widely depending of the method used, and of course, subjectivity can always play a significant role. I bring this up just to mention even though I categorize money as a form of wealth*, when someone is doing an accounting of wealth, they could exclude that category, if so inclined. I do consider money as part of the total wealth, as a store of wealth, and something that enhances transactions as a medium of exchange.