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Posted: April 20th, 2022
Need help with some Econ Problems & Issues – Week 8/ Discussion 1
Question Assignment description
“Cash and the Monetary System”
—— Please reply to the next:
——
four brief however fascinating movies on President Andrew Jackson, as
effectively as numerous U.S. founding fathers, on fearing the actions
and corruptions of huge bankers!!! Sound acquainted to at the moment!!
1) President Andrew Jackson and Huge Banks–sounds like at the moment!!!)
–(from Historical past Channel)- http://www.youtube.com/watch?v=Knf8KA5aAjw&function=associated
2) (Additionally Thomas Jefferson) — http://www.youtube.com/watch?v=3cnItVN1Gk0
and
three) http://www.youtube.com/watch?v=H7yjfI19b7s
four) ( from HBO movie mini sequence on President John Adams– (Watch at
the dinner table–George Washington, Thomas Jefferson- who had simply returned
from Paris, Alexander Hamilton, our first Secretary of the Treasury, and John
Adams) http://www.youtube.com/watch?v=UrxKOO0nKwc
“Quantitative Easing”
Cartoon video 5 million hits on You Tube This You Tube Cartoon video has
had over 5 million hits!!!! Fortune journal even had a whole article on
it–where they mentioned folks have been studying economics by cartoon.
Quantitative Easing (“printing cash” of Treasury/Fed)
Printing http://www.youtube.com/watch?v=PTUY16CkS-k Cash http://www.youtube.com/watch?v=JKYHeXxsg6g
and http://www.youtube.com/watch?v=BLrpg8Bya24
“How Fed Works” cartoon video http://www.youtube.com/watch?v=Oe0fGXzKb1o&function=associated
Robert Reich Fb put up Nov. 23.
2014
Robert Reich
1 hr ·
On Friday, William C. Dudley, president of the New York Fed,
informed Senators his examiners have been “not like a cop on the beat” however “extra like a
fireplace warden.” However the NY Fed is meant to make sure Wall Road banks obey the
legislation, not put out fires after they break it. The Senators centered their ire on
the revolving door between the NY Fed and the banks (a former examiner now with
Goldman Sachs lately obtained confidential info from a former Fed colleague
a couple of pending investigation, for instance). However the greater downside is
presidents of the NY Fed, like Dudley, aren’t chosen by Congress and even by the
Federal Reserve Board in Washington. They’re chosen by the 9 administrators of the
NY Fed, six of whom are elected by the banks they’re purported to oversee. It’s
unhealthy sufficient when foxes are answerable for hen coops, worse after they’re in
cost of foxes.
Wall Road is as soon as once more uncontrolled, the largest banks
are greater than ever, and their marketing campaign contributions are stopping any
basic reform (the Dodd-Frank act has been watered right down to chilly soup). We
should resurrect Glass-Steagall and break up the large banks. However how can we get
this performed?
***It is a DISCUSSION not a paper. Please NO
plagiarism. ***
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