Executive Summary The term open market operations are often discussed by the Fed. Open market operations are transfers used by the Fed to apply its policy. Introduction An open market operations by the Fed is when it buys or sells securities. This process happens between the Fed and the commercial banks. This process is performed…
Executive Summary Quebec has analyzed whether it should introduce its own currency. This is something private banking interests oppose. Here is the argument in favor. Introduction A plan to create debt-free government-issued money has been proposed by Warren Mosler for Quebec. How Quebec can create its own debt-free money is straightforward and is explained as…
Executive Summary The following is a very different interpretation of trade deficits than is provided by mainstream economists. We evaluate this interpretation and provide our view. Introduction Normally countries try to stay away from trade deficits. An entire type of economics, called mercantilism, of which Adam Smith was a major proponent, was centered on running…
Executive Summary There are many statements made about the appropriate debt level of countries. What is often lacking is comparative evidence of how private debt and public debt contribute to or undermine economic performance. Introduction There is great debate as to what is the correct level of private debt. This article will look at different…
Executive Summary Most economists promote the idea that high public debt is negative for economic growth. This article covers economics who disagree with this. Introduction This article is designed to keep track of which economists and others that support private debt to GDP ratio rather than the public debt to GDP ratio being the predictor…
Executive Summary There are many statements made about the appropriate debt level of countries. What is often lacking is comparative evidence of how private debt and public debt contribute to or undermine economic performance. Introduction There is great debate as to what is the correct level of the public or national debt. This article will…