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The FedMoney and Banking
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Money and BanksMoney and BankingPolitical Theory
The FedMoney and BanksU.S. EconomyU.S. HistoryMoney and Banking
Money and Banking
In a free market economy, banks would actually have to clear their checks and this would be a deterrent to creating money out of "air."
The FedMoney and BanksMoney and Banking
If a monetary rule like the Taylor Rule is not a solution to the problem of the Fed, what is? Competition.
Here are the five most important issues to keep an eye on in 2017.
The Fed keeps hinting that it plans to raise the target rate more than once this year. But, the Fed's level of confidence is near zero.
The FedMonetary TheoryMoney and Banking
Congress seems set to reform the Fed, but what we really need is Fed competition.