I finally found something that explains the Federal Reserve to me and how it does things. I knew allot of money was being created but I didn't know the governing rules and it how this was being done .
Following sent in by Jess:
I knew money was being created because our ever growing amount of goods and services in an ever growing population should create deflation if the amount of money remains constant. In fact if money was constant instead of a bell pepper costing $1.79 today and $.05 in 1913 it should only cost a penny today (approximate figures). Although I never saw a government pie chart that showed created money as a part of our revenue.
The following link explains this well. http://www.livevideo.com/video/walkinturtle2u/2F3DE48315C642B2A846A587534159EB/money-as-debt.aspx
After you open it up, wait on it and give it a chance to load.
This is a great video of how this is done. I have read allot on this but never felt I understood it well. This is a great explanation. Look at it. This should be taught in every public school.
Love, Jess
Showing posts with label national deficit. Show all posts
Showing posts with label national deficit. Show all posts
Wednesday, June 24, 2009
Wednesday, March 4, 2009
The Obama budget from the Peter G. Perterson Foundation"
IN THIS ISSUE
PGPF National Survey Results: Americans on our Economy, Deficit and Debt »
The Obama Budget — How to Read It & Our Analysis »
President Obama has unveiled an ambitious agenda that aims to reduce governmental costs by $2 trillion. You don't have to be a Washington budget geek to assess this blueprint. To further aide the President's commitment to transparency, PGPF provides a tipsheet to help you work your way through his budget. And if you want to dive deeper into the numbers, check out our more detailed version of the tipsheet here.
PGPF believes President Obama's first budget contains many encouraging signs. We commend him for providing a 10-year budget projection and a specific deficit-reduction goal. At the same time, the President's blueprint contains areas of concern, such as moving some items from the discretionary to the mandatory spending category. Please read more on our analysis of President Obama's budget.
Budgetball Comes to College Campuses! »
The Government We Deserve by Gene Steuerle »
PGPF National Survey Results: Americans on our Economy, Deficit and Debt »
The Obama Budget — How to Read It & Our Analysis »
President Obama has unveiled an ambitious agenda that aims to reduce governmental costs by $2 trillion. You don't have to be a Washington budget geek to assess this blueprint. To further aide the President's commitment to transparency, PGPF provides a tipsheet to help you work your way through his budget. And if you want to dive deeper into the numbers, check out our more detailed version of the tipsheet here.
PGPF believes President Obama's first budget contains many encouraging signs. We commend him for providing a 10-year budget projection and a specific deficit-reduction goal. At the same time, the President's blueprint contains areas of concern, such as moving some items from the discretionary to the mandatory spending category. Please read more on our analysis of President Obama's budget.
Budgetball Comes to College Campuses! »
The Government We Deserve by Gene Steuerle »
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