[GJM] New Book Reviews and The need for the overall money supply statistic

[robert searle]

--- AMI <ami at taconic.net> wrote:

> 
> Dear Friends of the American Monetary Institute,
> 
> Incredible as it may seem, there is a strong effort
> by the Federal
> Reserve System to eliminate the publication of an
> overall money supply
> statistic for the United States. Thus in March of
> Last year the Fed
> dropped publication of the the M3 money statistic!
> 
> This, and Ralph Nader's call for greater
> transparency at the Federal
> Reserve was what sparked our creation of the
> Monetary Transparency Act,
> in co-operation with lawmakers. Among other things
> it requires the Fed
> to provide an overall money supply estimate; and if
> as they say, the M3
> doesn't measure it appropriately, to then devise an
> adequate measure.
> (please see
> http://www.monetary.org/monetarytransparency.htm)
> 
> In this ongoing legislative process we have been
> asked to justify why
> such a statistic is useful, because some economists
> are claiming its not
> necessary!
> Attached is that justification.
> Please pardon multiple postings!
> 
> The AMI is also expanding our monetary book review
> section which now
> features a review of Lynne Twist's book The Soul of
> Money, reviewed by
> Steven Walsh, at
> http://www.monetary.org/soulofmoney.html
> 
> and
> Bernard Lietaer's book The Future of Money, reviewed
> by Dick Distelhorst
> at http://www.monetary.org/futureofmoney.html
> 
> We'll provide links to any answers/comments authors
> want to make on the
> reviews.
> 
> Sincerely,
> Stephen Zarlenga
> American Monetary Institute
> 
> P.S. Remember the May 15th deadline for discounts
> ($235 instead of $295)
> to attend the AMI Monetary Reform Conference at
> Roosevelt University,
> Chicago, Sept. 27-30. (See
>
http://www.monetary.org/2007%20conference%20announcement.html)
> 
> 
> 
> 



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