Professor Graziano's study, the first attempt to investigate the
impact of human cognitive processes on our understanding of money
supply, promises to shake up the fiscal establishment and bring
down a number of cherished shibboleths. Using the conceptual tools
of cognitive psychology, Professor Graziano subjects our monetary
beliefs, measurements, and communications to an incisive, original
analysis that may overturn current ideas about the way money supply
should be measured and reported and thus affect a broad range of
financial/investment decisions.
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