|
|
|
|
The Magic of Money |
| Section: CURRENT ISSUES / ECONOMIC WATCH |
| Author: Sue Carls |
| Publication: The world & I online |
| Issue Date: 2/1/1997 |
| Size: 918 Words, 7,228 Characters |
|
Money flow in the United States is as complex and frenetic as the air traffic at a major international airport.vbcrlf And you can't talk about the money supply without talking about the Federal Reserve, the "air traffic controller" of the country's monetary policy.vbcrlf The Federal Reserve System was created in 1913, following decades of financial panics and depressions. The Fed exists to provide economic stability, which it tries to do through monetary policies crafted to stimulate or slow the economy as necessary.vbcrlf To an economist, the term money means more than the bills in bank vaults or your wallet. Jean Gauger, an associate professor of ec...
. . .
...;Someone once said the job of the Federal Reserve is to "take away the punch bowl just when the party's getting good."vbcrlf So, the next time the Fed raises interest rates, try not to grumble. It's just trying to keep us from overindulging amid an overheated economy. We all know that too much punch can leave a nasty hangover the morning after. vbcrlf
(800 of 7,228 characters)
Do you want to read
the whole article? You can
purchase it here.
Subscriber Login |
|
|
Publication Details
(The World & I Online) |
|
The World & I Online is a
comprehensive academic resource that encompasses a broad range of
articles by scholars and experts in the areas of Global Studies,
Liberal Arts, Fine & Applied Arts, General Science, and Spanish.
Originally published monthly in print as The World & I, our site
includes the complete contents since 1986 and continues to publish
a new issue online each month. |
|
Individual Subscription
|
 |
|
|
|
College Orders (based
on full-time enrollment) |
|
-
2 to 5 Computers |
|
-
Up to 1,000 Students |
|
-
1,001 to 2,500 Students |
|
-
2,501 to 5,000 Students |
|
-
5,001 to 10,000 Students |
|
-
10,001 or More Students |
|
|
|
Public Library Orders |
|
-
2 to 5 Computers |
|
-
6 to 50 Computers |
|
-
51 to 100 Computers |
|
For over 100
computers, call 866-211-6040. |
|
|
