Money for Nothing

Education, capital spending, quality of your workers, using resources, using full employment, have interest rates that do not discourage saving.
Education was one of the prominent suggestions to avoid an economic crisis because it is a universal tool to stimulate growth.

• Where was debt transferred after the housing bailouts? From the banks to where?

• What is the gold standard and why is it important to public faith in economic security?

• What is the gold standard and why is it important to public faith in economic security?

• Into what sectors do commentators recommend future investments to avoid another economic crisis?

The gold standard is making your money/currency tied to a metal, i.e., gold; it's a way to stabilize its value, restricting the ability of the government and banks to print too much paper money. The US becomes the financial leader after WWI. Monetary policy was born.

• Where was debt transferred after the housing bailouts? From the banks to where?

• What is the gold standard and why is it important to public faith in economic security?

• Into what sectors do commentators recommend future investments to avoid another economic crisis?

How is excessive American consumerism being encouraged today?

• Where was debt transferred after the housing bailouts? From the banks to where?

• What is the gold standard and why is it important to public faith in economic security?

• Into what sectors do commentators recommend future investments to avoid another economic crisis?

• The fed and the government is pushes consumerism onto the American people through advertisements. Many products are associated with a familiar logo that can be easily recognized.

Paul Volker appointed to chairman of the Fed; independence of the federal reserve; Volker wanted to increase interests rates to no success; instead focused on the fed controlling the money supply; he slowed the money growth rate, which made the interest rates also go up.

• Where was debt transferred after the housing bailouts? From the banks to where?

• What is the gold standard and why is it important to public faith in economic security?

• Into what sectors do commentators recommend future investments to avoid another economic crisis?

• What precedent was set in response to 1987 economic crisis, in terms of the Fed's role?

What are the functions of the federal reserve?

• A private organization that manages personal savings accounts and offers loans to individuals.

• An international body that oversees global trade agreements and tariffs.

• Central banking system of U.S., controls $ supply, sets interest rates, regulates banks to provide liquidity within financial crisis, "guardian of financial stability"

• A local government agency that provides financial education to citizens.

What is quantitative easing (Q.E.) in terms of debt held by banks?

• a process where banks are required to hold more reserves to stabilize the economy.

• the introduction of new money into the money supply by a central bank; 1.3 trillion dollar debt purchased by the Fed.

• a strategy to eliminate all forms of currency in favor of digital transactions

• a method of reducing national debt by increasing taxes on the wealthy.

What is quantitative easing (Q.E.) in terms of debt held by banks?

• a process where banks are required to hold more reserves to stabilize the economy.

• the introduction of new money into the money supply by a central bank; 1.3 trillion dollar debt purchased by the Fed.

• a strategy to eliminate all forms of currency in favor of digital transactions

• a method of reducing national debt by increasing taxes on the wealthy.

What is the "real currency" of the "Fed"?

• Trust is the world's real currency.

• Gold reserves are the only true measure of a nation's wealth.

• The stock market is the primary indicator of economic stability.

• Cash transactions are the most reliable form of currency exchange.

How was Alan Greenspan depicted by mass media during the 1990s?

• No nation, however powerful, is too big to fail;

• No inflation, no unemployment, war on poverty, "the great society" and the war on Vietnam. Modern age of inflation; the dollar was backed by faith in the federal reserve.

• He was a "maestro"/master. Greenspan became the chief price fixer of the economy; glorified into a god. No one criticized him. Served as a source of liquidity to support economic and financial system following crash

What national policies during the 1960s caused Nixon to forgo the monetary gold standard?

• No nation, however powerful, is too big to fail;

• No inflation, no unemployment, war on poverty, "the great society" and the war on Vietnam. Modern age of inflation; the dollar was backed by faith in the federal reserve.

• He was a "maestro"/master. Greenspan became the chief price fixer of the economy; glorified into a god. No one criticized him. Served as a source of liquidity to support economic and financial system following crash