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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Bread Upon The Water who wrote (16928)	4/9/2008 8:01:51 PM
From: DismalScientist	Read Replies (1) \| Respond to of 149317

Monetary theory and policy is not an area I follow closely, but I can give some basic comments. The Federal Reserve discontinued publishing M3 data in 2006, saying it did not add any information not found in M2, a narrower definition of money. I know the monetarists feel that M3 is a better of the long-run impact of the money supply. I also have seen some hint of conspiracy theory orchestrated by Bernanke. I generally don't pay much attention to conspiracy theories. I am not particularly pleased with the direction the Fed is taking however. But that is another matter. I am sure there are others who could add more on M3.