What's M Zero?

The monetary base, or what's sometimes called m zero, is current currency that the public holds. It does not include bank reserves held at the fed. If a commercial bank has money in its checking account with the fed, that's as good as having physical currency and give it to them if they want to withdraw their funds. In february 20 21, the ich sky sit goes vertical. And that's not because of some crazy thing of the fet injecting money, or banks doing something crazy. It's because of re definition. A lemes round on the discussion.