MIT professor Erik Brynjolfsson reckons the Fed would have had a better picture of problems in the housing market during the 2007-09 recession had it looked at the relevant information.
From Bloomberg:
Margo Sugarman spent months last year searching on Google for the appliances to complete her dream kitchen, scouring the Internet for information on the latest double ovens and low-noise mixers.
Not only did those queries guide the Tel Mond, Israel, resident [...]
