Reply to "new study suggests some people grossly overestimate their political knowledge."

L. Cranston posted:

I'm reasonably sure the CBO and the Treasure Dept. have the facts and don't really care that you don't like the reports. You can have your own opinion but you can't have your own facts.

Actually the CBO provides crystal ball projections with political overtones (assumptions usually given by the requesting party); Treasury deals with raw data and sometimes political spin. The analytic part of the Fed deals with what actually happened and other departments will produce both good and questionable studies ( I believe it was the Boston branch that created the erroneous report that inspired the laws in 1994 that made buying a house too easy which factored into the 2008 bust.). The board of directors of the Federal Reserve generally get to decide when recessions start and end by manipulating interest rates and money supply.

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