Question: The Fed should just increase the money supply at the
"The Fed should just increase the money supply at the same rate that the full-employment econ omy grows, and the government should desist from any stabilizing urges." What school of thought would make such a suggestion, and how do economists of that school justify that prescription?
Answer to relevant QuestionsWhat is the Laffer curve? What policy recom mendation follows from it? What is a transfer payment? Why does the gov-ernment engage in such transfers? What were the principal reasons for the tax reforms of 1981, 1986, and 2003? What were the unintended consequences of these reforms? If the U.S. government is indebted $200, and if $100 is in the form of an externally held public debt, while another $100 is an internally held public debt, the impacts of these two different debts on the U.S. economy ...Who are the major trading nations of the world? Who are the major trading partners of the United States?
Post your question