What were "Continental Notes" and "Greenbacks," and what did they--unfortunately--have in common?
Answer to relevant QuestionsThe Federal Reserve System was designed as a decentralized central bank. Why? Who prints currency for whom? How does the currency finally make its way to the thousands of banks operating in the economy? To supply-siders, the key to any economic stabilization is managing aggregate supply. What kinds of policy do they advocate, and what out comes do they expect to achieve? What are the most important spending items of the federal government? Of state and local governments? What were the principal reasons for the tax reforms of 1981, 1986, and 2003? What were the unintended consequences of these reforms?
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