Why is the Fed more effective in preventing the money supply from increasing than in increasing the money supply?
Answer to relevant QuestionsWho prints currency for whom? How does the currency finally make its way to the thousands of banks operating in the economy? Keynesian economists were fine-tuning the econ omy during the 1960s but found their policies ineffectual in the 1970s. Why? What is the Laffer curve? What policy recom mendation follows from it? What is the principal difference between Medicare and Medicaid? What is the relationship between the public debt and the debt-to-GDP ratio? How does the U.S. debt ratio compare to the ratios in other demo cratic market economies?
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