Federal Reserve Essay Example | Topics and Well Written Essays - 750 words

Federal Reserve - Essay Example For e.g. an increase in the purchasing by the central bank in the security market increases the amount of money that people has and it increases the money supply in the economy. Similarly, selling of these securities in the money market dampens the people buying power and reduces the money supply in the economy. 1c) Funding: This option is probably the most effective of the lot to change the money supply in the economy. By funding we mean that the central bank changes the composition of national debt in order alter the money supply in the economy. When it wants to reduce the money supply in the economy it issue more illiquid assets to fund the national debt like long-term securities. Similarly, when it wants to increase the money supply in the economy it funds the national debt by issuing liquid assets, such as treasury bills. 4A) During the last year (2008), we witnessed a severe recession. In order to lubricate the economy towards growth many governments decided to reduce the interest rates in order to increase the aggregate demand and lead the economy towards growth. The graph in this site shows, how rapidly interest rates were decreased in Australia following this recession. (http://www.news.com.au/money/interest-rates) The government of USA conducted more open market... r recession, the U.S government is trying to increase the money supply in the economy by funding major chunk of their debt with treasury bills which are liquid assets. (http://home.att.net/mwhodges/debt.htm) The government of USA conducted more open market operations than ever before in 2008. During this period they bought more securities than they sold. This increased the money supply in the economy and reduced the impact of recession. (http://www.zerohedge.com/article/open-market-operations-and-statistics) 4B) The best strategy for me to control the money supply in the economy will be Funding. Funding is twice as effective as open market operations as it reduces the overall money supply in the economy and not just of the commercial banks. This method has very satisfying result for government all over the world as it saturates money completely from the economic pipeline. The only disadvantage of this method is that it cannot be use as a tool for short-term strategy. If for example, after a small period of time, the government decides to increase the money supply, it won't be able to do so, because long-term securities had already been issued. Work Cited: Lipsey and Chrystal. (2001). Economics. Oxford University Press

A Symbolic Look at Hillary Rodham Clinton Essay Example | Topics and Well Written Essays - 750 words

A Symbolic Look at Hillary Rodham Clinton - Essay Example There are some who fear strong woman, while there are also those who revere them. The question is should someone like Hillary Rodham Clinton be celebrated for her intellect and accomplishments, or should she not and for whatever reason Mrs. Clinton for arguments sake is a very strong willed and determined person who knows what she wants, and knows how to get it. In reading personal biographies of her it can be assessed that she came from a strict upbringing in Chicago, and would ultimately finish out her education at Yale Law school where she would meet the future President of the United States William J. Clinton. Ms. Rodham at the time was probably what you would have called a 'traditional Yankee', while her soon to be husband was what most would call a "southern boy". Both exhibiting strong brains and wills, these two would join together and form one of the most powerful political relationships in modern history. During the course of their marriage Mrs. Clinton would stand by her husband as he served as such things like Governor of Arkansas, and then the ultimate prize of 1600 Pennsylvania Avenue. Observers of Hillary can note that the most important role to her is that of mother to their daughter Chelsea who tu rned 25 in February of 2005. Mrs. Clinton has come to be known for her positives, as well as her negatives. Mot notably being the failed health care package that her husband had put her in charge of in 1994 to get it passed through Congress. As most know, it not only did not pass through Congress, but it also gave the members of the Republican party enough ammunition to sail through the midterm elections that year, and retake control of both the House and the Senate. Hillary Clinton is symbolic in that she also reaches out there, often times risking her own credibility, in order to see something succeed. She stuck her neck out as well during the 2000 Senate race in New York when the GOP took advantage of the "carpet bagger" moniker, and tried to use it against Mrs. Clinton to their full advantage. She of course would end up victorious, and continues to serve the state of New York until her term is up in 2006, and has given all inclination that she will seek another term. To be someone that would be considered to be symbolic, they would have to be a person who through action separates themselves from those around them in a notable way. Someone whose actions clearly distinguish themselves from others due to their nature, and the nature in which the perpetrator went about perpetrating the action. Their action(s) prove as a symbol for which they are as a person, and what they stand for on any given issue. Along with her fellow First Lady's, Mrs. Clinton is immortalized through the White House's database of biographies for both the Presidents and their wives. In her biography, the author writes of Mrs. Clinton that, "As the nation's First Lady, Hillary continued to balance public service with private life. Her active role began in 1993 when the President asked her to chair the Task Force on National Health Care Reform. She continued to be a leading advocate for expanding health insurance coverage, ensuring children are properly immunized, and raising public awareness of health issues. She wrote a weekly newspaper column entitled "Talking It Over," which focused on her experiences as First Lady and her observations of women, children, and families she has met around the world. Her 1996 book It