nothing we could do would ever satisfy alan meltzer. [laughter] >> so, actually, that leads to a follow-up. first, what entry do can you want to read and, second, did the federal reserve ever use the monetary aggregates in a meaningful way? >> i think it's fair to say that paul tried. [laughter] and it's also fair to say that they were very difficult to control on a quarter-to-quarter basis. the chart shows that they're not so hard to control on an annual basis, but the fed doesn't pay much attention to the annual stuff. they pay attention to the quarter. they're under pressure from a congress, a public, so on, to do it now. and that's not within their ability. i mean, we can't, they can't get perfection or even close to it in short term, in the short term. so you have to take the pain. and that's, that's something that the public has to accept. i think of when paul volcker went to -- when i first met paul volcker, he was then an anti-inflationist and a believer in fixed exchange rates. strong proponent came out of the new york fed and

alan meltzer his political professor at carnegie-mellon university. to see this and other programs about the federal reserve online visit booktv.org and search federal reserve in the upper left corner of the page. >> best-selling titles for this week are as follows. loren helen brand's story of survival during world war ii, unbroken. the second is cleopatra by stacy shift. number 3 on the list is battle hymn of the tiger mother. and account of raising children with traditional chinese values. autobiography of mark twain is four and keith richards's biography life is number 5. the four our body by timothy ferris is sixth on the list. the immortal life of henry at lax comes at number 7. and parallel universes and the because of the cosmos by brian green is eight. karen armstrong's 12 steps to a compassionate life is ninth. gordon murray and daniel goldin wrote a call to book titled the investment answer that completes the list of number 10. >> the reinvention of the kgb. andrei soldatov irina borogan, co-founders of the news web site discuss the reinven