In March of 2006, The Federal Reserve (the Fed) stopped publishing data for the M3 money supply. This particular data, once M2 was subtracted, tracked balances in money funds, repurchase liabilities issued by financial institutions, and similar large-denomination institutional transactions. A variety of reasons were stated for the Fed’s decision to take this action. Whatever the reason might have been, not having the published data made it plausible for them (and the rest of our political leaders) to say, in the fall of 2008, “Oh my goodness! We didn’t see this financial crunch coming! Nobody could have!”

Recently, (April 28, 2011), the U.S. Energy Information Administration (EIA) announced they will no longer publish data, analysis or forecasting on a variety of energy topics, including their annual inventory of Emissions of Greenhouse Gases in the United States and the annual International Energy Outlook.

We have to wonder – now what are we not supposed to see coming?

For the full press release, see:

http://www.energybulletin.net/stories/2011-05-02/there-goes-data-major-cuts-eia-washington

Advertisements