Difference between revisions of "2005-11-10 Discontinuance of M3"

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<let name=data index=Date>2005-11-10}}
 
<let name=data index=Date>2005-11-10}}
{{data.pair|Topics|\US economy\US Federal Reserve}}
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<let name=data index=Topics>\US economy\US Federal Reserve</let>
 
<let name=data index=URL>http://www.federalreserve.gov/releases/h6/discm3.htm}}
 
<let name=data index=URL>http://www.federalreserve.gov/releases/h6/discm3.htm}}
{{data.pair|Title|Discontinuance of M3}}
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<let name=data index=Title>Discontinuance of M3</let>
 
{{data.pair|Text|&ldquo;On March 23, 2006, the Board of Governors of the [[US Federal Reserve|Federal Reserve System]] will cease publication of the [[M3 monetary aggregate]]. The Board will also cease publishing the following components: large-denomination time deposits, repurchase agreements (RPs), and Eurodollars. The Board will continue to publish institutional money market mutual funds as a memorandum item in this release.&rdquo; "George Washington's Blog" [http://georgewashington.blogspot.com/2008/03/root-of-economic-crisis-dishonesty.html reports this] indicator (presumably referring to the M3) as "the size of the money supply"; is this accurate? If so, GWB's contention that this was specifically to hide vast new quantities of money being printed to shore up the [[US economy]] may be on target.</let>
 
{{data.pair|Text|&ldquo;On March 23, 2006, the Board of Governors of the [[US Federal Reserve|Federal Reserve System]] will cease publication of the [[M3 monetary aggregate]]. The Board will also cease publishing the following components: large-denomination time deposits, repurchase agreements (RPs), and Eurodollars. The Board will continue to publish institutional money market mutual funds as a memorandum item in this release.&rdquo; "George Washington's Blog" [http://georgewashington.blogspot.com/2008/03/root-of-economic-crisis-dishonesty.html reports this] indicator (presumably referring to the M3) as "the size of the money supply"; is this accurate? If so, GWB's contention that this was specifically to hide vast new quantities of money being printed to shore up the [[US economy]] may be on target.</let>
 
</hide><if not flag=including><let name=docat val=1 /><noinclude>{{:project:code/show/link}}</noinclude></if>
 
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Revision as of 20:18, 4 April 2011