ABSTRACT

Detailed analysis of spending and taxation is contained in the annual Budget of the US Government submitted by the president to Congress in January and then revised substantially during the year. The money supply is measured by the board of governors of the US Federal Reserve. Both its short-term estimates and longer-term official figures are widely available in official government publications, with analysis in many business periodicals. Most inflation data are collected by the US Labor Department's Bureau of Labor Statistics for its own price indexes, numbers that also form a large part of the US Commerce Department's inflation adjustments for Gross Domestic Product (GDP) accounting. Even with the end of the Cold War, US military spending is in the hundreds of billions of dollars. One source of controversy is the method used to compare prices in the centrally planned Soviet economy versus prices set primarily by markets in the United States.