Download Monetary Politics: The Federal Reserve and the Politics of by John T. Woolley PDF

By John T. Woolley

This is often the 1st ebook to explain and learn the relationships among the Federal Reserve and the president, Congress, bankers, and economists. faraway from being politically self sustaining, the Federal Reserve is proven to be delicate to a variety of political impacts.

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Appreciation is under your command. ” “Now you’re guessing because I don’t always come up with everything you appreciate. I just put it out there, and you catch up. ” “Yes. I imagined that new car you bought would make us happy; it didn’t. The watch I imagined would make us stand out didn’t do the trick. Those fancy clothes I imagined would attract all the girls were useless. ” “I know. But maybe that’s just us. ” “Reality? ” “How do you expect us to go on like this? ” “I imagined we would just check out money, what it is, how it evolved, all that.

For now, the future of money is shaping up as a graphic representation on your computer screen. Beenz, flooz, cybercash in some form, are facilitating trade over the Internet— “Hold it. Hold it right there, ” My Imagination demands. ” “You got it. I can’t imagine what those things are? ” “Ideas are about all I have to work with. 5 billion per month, and growing. Expectations are that more than $1 trillion will be spent per year over the Internet in 2010. Even today, half of all Americans make purchases via the Web.

Not so. What you are imagining is that the creative process will be hindered by the logic necessitated by computer processing. In this case, microprocessing. In this case, us. If we become the microprocessor, and interact with other microprocessors, only logic will prevail. Imagination, creativity, right brain activity will be reduced. ” “Exactly, there wouldn’t be room for, or reason for, me. The concept of ‘wouldn’t it be nice . . ’ will be completely erased. Why? Because it’s superfluous to any situation.

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