If the Fed had been tracking repos in 2007–2008, what they would have seen was the unfolding of the financial crisis one full year before it went critical. Instead, Bernanke stopped collecting the data because he decided to abolish M3.
Jire Sekar
Mr. Sekar is a technology investor based out of Boston, Massachusetts, who invests in Internet, software, and materials technologies. He is currently taking a sabbatical to write a fictional work that he hopes will bring Austrian theory to a wider audience.
