The only reason anyone cares about how much is out there is because they are trying to manipulate the economy. The free market doesn't need to know the total amount of currency, and neither do the individual participants. They only need to know how much stuff they can trade the money they're holding for.
Its the politicians that care about things like M2 because it gives them a big knob they can turn to "fix" the economy. The big open secret is that for politicians, doing something - even if it is actually the wrong thing - is better for their career than doing nothing - even when that's exactly what they should do.