If you want to scare a radio host

… who is talking about the economy, just mention the M3 money supply. I did that today calling into a talk station, and had to laugh when the host very quickly brought the conversation right back to outsourcing being the reason that people are nervous despite the “good” statistical news. He is a good guy and is largely on the side of the angels where government intervention in the economy is concerned, but his reaction still amused me.

I’m sure he could just envision his Arbitron numbers dropping. Yet another reason I’m not likely to do a radio show. Here, if I want to talk M3, then we’ll talk M3, doggone it. Which, like those hypothetical ratings, continues to drop.

Hello… hello….

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