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Jewish World Review
Bookmark These: Educate yourself on fiscal, monetary policy
By
Reid Kanaley
http://www.JewishWorldReview.com | (MCT)
Pundits talk about fiscal and monetary policy, and our eyes may glaze over. But these terms are crucial as decision-makers try to decide how badly the economic recovery is faltering — and what to do about it. These sites may help us understand.
—Ask Dr. Econ: A description by "Dr. Econ" at the Federal Reserve Bank of San Francisco cites examples before the latest recession when central bankers and the government attempted to stimulate, then slow, the economy. In short, central bankers honcho monetary policy by tinkering with the money supply and interest rates, while politicians use fiscal policy — their tax and spending powers. "Monetary policy is typically implemented by a central bank, while fiscal policy decisions are set by the national government. However, both monetary and fiscal policy may be used to influence the performance of the economy in the short run," this short article says. http://go.philly.com/fiscal1
—Economics Help: A blog by British economics teacher Tejvan R. Pettinger, who is also a contributor to an economics channel on YouTube, has a number of posts dealing with fiscal policy and monetary policy, including this one that describes both as tools to achieve two main goals: control inflation and reduce unemployment. A commenter suggests that both tools are a waste, and it's better to "let the markets work." But what if they don't? http://go.philly.com/fiscal2
This is Pettinger's short essay on why economics matters. He was bemoaning a BBC report that, in a recent year, only three people had trained to become economics teachers. http://go.philly.com/fiscal3
—EconEdLink: The Council for Economic Education's site, which provides classroom material for teaching economics through the high school level, offers this lesson on fiscal and monetary policy, and credits 20th-century British economist John Maynard Keynes with developing the most robust theory incorporating the twin policy tracks for fine-tuning economies. http://go.philly.com/fiscal4
Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.
Comment by clicking here.
Previously:
Check out brokers before handing over money
Boning up on exchange-traded funds
Are you paid enough?
Everything you need to know about death and taxes
Social lending cuts banks out of equation
Resources for saving money on summer vacation
Scouting out job opportunities on the Web
Get informed on 401(k) rules
Buy or rent?
Web resources for managing credit
Sites to guide you through headhunting process
Social insecurity
Better work habits
Seek aid online when filing taxes at the last minute
How to save money, or waste it, with a home garden
Web sites to explain the mysteries of inflation
Part-time problems
Tax help
Raise, promotion or new job strategies
Early retirement info on the Web
Self-promotion may be the key to landing that job
Helpful college financial aid sites
Money minders
In a dispute with the IRS?
Tips on how to sell stuff online
W-shaped recovery
Get control of your credit history
Teaching children about the value of money
Facing foreclosure
Just DIY
Starting your own business
Some help for the sandwich generation
Trying not to overqualify
The art of the deal
How to save money
Paying for college
Hanging onto your job
Got game? These sites got cheats
Who are you?
Online power tools
Here's how
Crazy contraptions
Turtles away!
Poetry in action
In the news
That's life
Download this
Nature blogs spring to life
That was then; this is now
Is your number up?
Listen up
“300” more than Ancient history
Looking for E.T.
Put on a smiley face :-)
Speaking of accents
In the news
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On top of the world
Another day, another dollar
Prank you very much
How much is enough?
Sound off
Readers have questions, concerns
Quick, give me a word
Driving you crazy
The joy of Bob Ross
Online goes prime time
You don't need to know this
Remembering the creator of Scooby-Doo
Do-it-yourself art
‘Leave me alone!’
Special deliveries
Weight-loss journeys
Daily routines
Working without a map
Just you watch!
New year, new diet
Your mail answered
Chatting: Central characters
Wonders never cease
Secret messages
For your consideration
Freaky food forays
Best of 2006 online
Missed marketing
H.G. Wells’ legacy endures
A quest for dragons
E-mails you've sent
In the news
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Coping with illness
Some serious face time
Some serious face time
In reply to your e-mail ...
Turn your handwriting into a computer-based font that will allow you to churn out homespun greetings
Music for everyone
'Elusive planet' can be viewed clearly from Earth with the naked eye
Central characters
E-mail @ 35
Idle chatter
Funny money
Classic artwork in motion
For an unusual Thanksgiving
Your slip is showing
Best of the worst
Test your mind power
Remain anonymous
© The Philadelphia Inquirer. Distributed by McClatchy-Tribune Information Services.
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