Tools to Enlighten
[ANALYSIS/OPINION] Contrary to popular belief the President of the United States is not, under our Constitution, a dictator—or at least he is not supposed to be. In fact, there two other branches of government, namely, Congress and the Supreme Court. We’ll put aside the Supreme Court because they have no direct effect on inflation. Read More …
the Federal Reserve Bank’s federal funds interest rate policy. Velocity, the money multiplier, the all important interest rate on excess reserves and the ON RRP are all discussed Read More …
Here’s a video that directly addresses how the Federal Reserve Board sets interest rates in an attempt to bolster employment, stave off excessive inflation and stabilize long term interest rates. David Dixon Lentz discusses the inter-relationship between fiscal and monetary policy and how they affect Gross Domestic Product (GDP). Of course, no discussion is complete Read More …