Another Follow-Up Video: Central Banks and the Challenge of Transparency

Discussing: The Fed's Departure from M3 and the New Zero Reserve Regime.
Most Central Banks track M3, but not the biggest and most influential one.

It should be noted that Paper money already were seen in Tang Dynasty (618-907 AD) around year 800, later in the Song Dynasty, the Mongols also used it in the Yuan Dynasty and it was seen in the Ming dynasty.