"What a great site! I'm impressed by the great stuff you've pulled together. It merely confirms my long-held belief that economics CAN be interesting....
All the best"-
Charlie Wheelan,
aka The Naked Economist
Why do we have a Fed and why is Alan Greenspan important? Watch this.
8 comments:
Anonymous
said...
We need the Fed because we need to know how much money is out there, because the amount of money can led to an increase of decrease in inflation. Alan Greenspan is important because he used to be the head of Fed.
the fed is important because it regulates the instabilities of our economy that have risen since the abandonment of the gold standard. yes, the "cross of gold" america hung from before the 30s restrained economic growth, but gold's worth was generally stable. today's (practically universal) system of flat money flucuates much more unpredictably, therefore the fed is vital in sustaining market stability.
greenspan, as chairman of the fed from '87 until '06, was in his position during a major turning point in economic history. during his term, the introduction of internet websites in the '90s added a new dimension to the market, something completely new that he ahd to react to.
The Fed's job is to regulate the economy. The fed controls the supply of money and federal funds to ensure no major imbalance occurs.
Alan Greenspan is important to Economics because he used to be the Chairman of the Federal Reserve. Greenspan is well known because he adjusted intrest rates so low that it benefited the real estate market.
the Fed became necessary after we abandandoned the gold standard. it regulates the amount of money in circulation by raising or reducing interest rates.
We need to fed to maintain market stability. The fed controls the supply of money as well as lets us know how the economy is doing. The fed also handles any major fluctuations, keeping the flow of money flowing as smoothely as possible.
Alan Greenespan used to be the chairman of the federal reserve.
It sounds like if we just stayed on the gold standard, inflation would not even be a problem. Also, it's funny that he differenciates between "work" and "investment"... is investment work if you can just click a mouse and transfer money? wow, we are so detaced from reality...
It sounds like if we just stayed on the gold standard, inflation would not even be a problem. Also, it's funny that he differenciates between "work" and "investment"... is investment work if you can just click a mouse and transfer money? wow, we are so detaced from reality...
8 comments:
We need the Fed because we need to know how much money is out there, because the amount of money can led to an increase of decrease in inflation. Alan Greenspan is important because he used to be the head of Fed.
the fed is important because it regulates the instabilities of our economy that have risen since the abandonment of the gold standard. yes, the "cross of gold" america hung from before the 30s restrained economic growth, but gold's worth was generally stable. today's (practically universal) system of flat money flucuates much more unpredictably, therefore the fed is vital in sustaining market stability.
greenspan, as chairman of the fed from '87 until '06, was in his position during a major turning point in economic history. during his term, the introduction of internet websites in the '90s added a new dimension to the market, something completely new that he ahd to react to.
The Fed's job is to regulate the economy. The fed controls the supply of money and federal funds to ensure no major imbalance occurs.
Alan Greenspan is important to Economics because he used to be the Chairman of the Federal Reserve. Greenspan is well known because he adjusted intrest rates so low that it benefited the real estate market.
the Fed became necessary after we abandandoned the gold standard. it regulates the amount of money in circulation by raising or reducing interest rates.
Liam, you can do better than that.
We need to fed to maintain market stability. The fed controls the supply of money as well as lets us know how the economy is doing. The fed also handles any major fluctuations, keeping the flow of money flowing as smoothely as possible.
Alan Greenespan used to be the chairman of the federal reserve.
It sounds like if we just stayed on the gold standard, inflation would not even be a problem. Also, it's funny that he differenciates between "work" and "investment"... is investment work if you can just click a mouse and transfer money? wow, we are so detaced from reality...
It sounds like if we just stayed on the gold standard, inflation would not even be a problem. Also, it's funny that he differenciates between "work" and "investment"... is investment work if you can just click a mouse and transfer money? wow, we are so detaced from reality...
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