Economic Issues Economic Growth Economic Growth is a country’s productive capacity and can be defined as an increase in the volume of goods and services that an economy can produce over a period of time. Aggregate Demand and Supply : John Maynard Keynes Theory: ? Aggregate demand (spending), according to Keynes theory, is the most … Read more
Top-Line Facts: * Spending: The cost of the bill is .5 trillion over 10 years of full implementation (2014-2023). * Taxes Increases: Taxes will go up 3.6 billion—nearly half a trillion dollars. * Medicare Cuts: Medicare will be cut 4.6 billion—another half a trillion dollars. * Total Number of Pages: 2074 * Government Plan: The … Read more
The Obama Administration has proposed a 2011 federal budget intended to steer the economy toward recovery and create new sources of revenue to reduce our country’s deficit. If enacted, the tax proposals in the budget would affect individuals, businesses, and estates. Individual Provisions Perhaps the most wide-reaching provision in the budget proposal allows the maximum … Read more
THE HISTORY OF THE EURODOLLAR MARKET IN THE 1960s (A CHRONOLOGICAL ACCOUNT) Introduction The Euro-dollar market* was in fact, and is indeed today, an international wholesale market in money, involving Euro-sterling and other national currencies such as Swiss franc and to a lesser degree the other major European currencies. This paper will briefly … Read more
Multilingual markets and the collapse of the US dollar This first 2008 quarter is about to end, and the US dollar keeps on dropping against other major currencies to reach some of its most embarrassing low records: It is over 50% weaker than the Euro and, for the first time in so many years, … Read more