If you’d read the news frequently, economist often use key words such as “Bond yields” and “interest rates” as an economic indicator. At first glance, it could be hard to comprehend why these indicators are used to gauge the performance of the economy. In this article I will endeavor to explain the intricacies of such…
What about the operations of the Federal Reserve System? In this day and age, the actual notes and coins circulating in the economy represent only a tiny portion of the money in existence. In actual fact, majority of the money supply is created by private banks as loans that are payable back to the banks…
Many of us are probably familiar with the term “Quantitative Easing” by now but what about the institution behind it? Before I dive into the system of the Federal Reserve, I would like to discuss about the history behind the Federal Reserve Act. The Federal Reserve Act was supposedly signed into law to prevent
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