If you’ve taken Global Economy, you’ve run across FRED: Federal Reserve Economic Data. It may be the best thing the Federal Reserve has ever done. If you want to know the latest employment number, the Brazilian exchange rate, or GDP per capita in Ghana — go to FRED, where you’ll get not only the data, but a nice graph. Add a phone app and an Excel add-in and you have the tool of choice for resolving economic debates instantly.
What you may not know is that it’s run, and run very well, by six people at the St Louis Fed. Yes, six people. Here’s the story.