Monetary and Fiscal Policy: Crash Course Government and Politics

The video tutorial explores the concepts of monetary and fiscal policy, focusing on the Federal Reserve's role in controlling the money supply and interest rates. It explains how the Fed uses tools like open market operations and reserve requirements to influence the economy. The tutorial also covers fiscal policy, discussing the challenges of balancing taxes and government spending, and the impact of mandatory spending on the federal budget.

Discuss the relationship between interest rates and inflation as mentioned in the text.

Why is the Federal Reserve designed to be independent from politics?

What are uncontrollables in the federal budget? Provide examples.