Causes of the 2008 Financial Crisis

Conclusions (2008 and past 2 months)
In this past year and especially the last two months; I have seen the Fed do things that I have never even deemed possible. There have been so many rules of fundamental economics that have been broken in the last 2 months that it is very hard to say what the actual constitutional powers of the US Fed is/are. I understand that these are unprecedented times but some of these actions and non-actions, I feel as though were not fully formulated. The Federal Reserve (Central Bank) was made so that the government would not be connected to the money supply, so that fiscal policy and monetary policy could work independently. It was an action to decentralize our government. I feel as though now this has been reversed and we are currently moving towards a more socialist/fascist society.

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Cash or Card?

A phrase that is commonly said in the super markets is “paper or plastic”. In today’s society, however; it is not talking about bags. They are referring to the type of payment that you will use to pay for your goods and services. Paper refers to actual money, like cash. Plastic is credit and debit cards that are used more frequently as our country advances. Along with credit cards comes debt (if you are not “responsible” with your money.). Debt in the United States is a growing fad that unfortunately plagues our country more and more each day. People who are unable to pay back their bills are forced into bankruptcy as money gets tight. They elect to let the government “wipe their slate clean” for ten or seven years in return for a new start. This is a misconception. Bankruptcy is not a new beginning but a virus to your lifestyle. In this paper you will see how credit card debt, bankruptcy and other elements affect our economy and

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Inflation Targeting

Inflation Targeting

In order to achieve price stability in New Zealand, the monetary policy Inflation Targeting was adopted in 1990. With the growth and success of this new strategy, Canada, the United Kingdom, Sweden, Spain and many other counties followed suit in the subsequent years ahead.

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The True Nature of the Private Sector in Nigeria

The True Nature of the Private Sector in Nigeria – By Ikechukwu A. Ogu.

Generally, every free market economy is divided into two sectors, the public sector and the private sector. The former is “the portion of a nation’s affairs, especially economic affairs, that is controlled by government agencies”, while the latter is “the part … that is made up of companies and organizations that are not owned or controlled by the government.” Despite this distinction, instances exist where the state invests in private sector concerns and becomes part-owner thereof, in addition to floating new companies or commercializing existing ones to compete with private sector organizations in economic activities.

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Effect of Import Liberalization on Industrial Productivity

There are reasons to expect a favorable effect of import liberalization on industrial productivity. This is expected to occur through several channels: (a) Import liberalization will provide to industrial firms greater and cheaper access to imported capital goods and intermediate goods (embodying advanced technology), which will enable the firms improve their productivity performance; (b) Greater availability of imported intermediate goods will enable the firms to exploit better the productivity enhancing potential of

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Immigration: America’s need

Immigration has been a key issue in the United States for several decades. Every year millions of people, mainly from Mexico and Central America, migrate north towards the United States searching for higher wages. The United States benefits greatly from the presence of these immigrants, but unfortunately some connotations of their presence, including the reality of the monetary hindrance that they have on US social services because of their relatively low and usually unreported salaries. A fighting attitude is shared by millions of legal and illegal immigrants, and it is now becoming clearer that there is a need for a new policy, one which involves reasoned compromise on both sides, yet one that unquestionably begins to allow amnesty and intelligent pathways to citizenship. Given the current circumstances surrounding immigration, there is no question that a compromise should soon be reached, and if both sides are fair enormous benefits for each will result.

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