Here's something you might be interested in.
The Fed met last week to discuss inflation. Wow, to be a fly on the wall of that meeting?
See, the Fed meets regularly to discuss whether or not to change interest rates on the money they loan to banks. The Fed is the central bank of the United States. And instead of toasters, they give away billions of dollars, or not, depending on whether they want the participating banks to lend money, or not, depending on whether or not they believe inflation is at hand. Or not.
Sounds complicated, and to make it worse, they meet in secret.
Back to inflation. See, the Fed feels that when everyone has money, they'll buy up all the stuff everyone needs, and that'll make the price go up. On the other hand, if there's not enough money, the price goes down, and businesses lay off workers. They have become the invisible hand that may or may not have washed leaving the bathroom
Now, another way to go is to let the market decide how much money should be out there.. But where's the fun in that. Back to the meeting...
http://youtu.be/efIel5ZbF1c
The Fed met last week to discuss inflation. Wow, to be a fly on the wall of that meeting?
See, the Fed meets regularly to discuss whether or not to change interest rates on the money they loan to banks. The Fed is the central bank of the United States. And instead of toasters, they give away billions of dollars, or not, depending on whether they want the participating banks to lend money, or not, depending on whether or not they believe inflation is at hand. Or not.
Sounds complicated, and to make it worse, they meet in secret.
Back to inflation. See, the Fed feels that when everyone has money, they'll buy up all the stuff everyone needs, and that'll make the price go up. On the other hand, if there's not enough money, the price goes down, and businesses lay off workers. They have become the invisible hand that may or may not have washed leaving the bathroom
Now, another way to go is to let the market decide how much money should be out there.. But where's the fun in that. Back to the meeting...
http://youtu.be/efIel5ZbF1c