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Economist Walter “John” Williams has been following [government] economic reports for more than 25 years. He knows how they are calculated and has seen changes in the government’s methodology for calculating them over the years. Most of these changes were made for the express purpose of presenting a more positive economic outlook, but Williams has maintained these economic reports with the original methodologies and presents them in his electronic newsletter “Shadow Government Statistics” and on his Web site Shadowstats.com. He even keeps up the broad M3 money supply figure, which the Fed stopped reporting in 2006.