||5 of 5 people found the following review helpful.| The Federal Reserve's Data Cannot Be Trusted|By Customer|The Federal Reserve constructs its measures of the money supply by simply adding up the dollar amounts in various categories of assets. This is called a Simple Sum Aggregate. For example, the M2 measure includes cash, checking accounts, savings accounts, money market accounts, time deposits less than $100,000, etc. I
Blame for the recent financial crisis and subsequent recession has commonly been assigned to everyone from Wall Street firms to individual homeowners. It has been widely argued that the crisis and recession were caused by "greed" and the failure of mainstream economics. In Getting It Wrong, leading economist William Barnett argues instead that there was too little use of the relevant economics, especially from the literature on economic measurement. Barnett ... [PDF.ps68] Getting it Wrong: How Faulty Monetary Statistics Undermine the Fed, the Financial System, and the Economy (MIT Press) Rating: 4.68 (487 Votes)
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