Homework

"The Federal Reserve System" Please respond to the following: 

• Choose a position to defend:
  • “The U.S. Congress and the President should have enough leverage and power to control the Federal Reserve’s actions in both the short and long run.”
  • “The Federal Reserve should be independent from political pressure in designing and implementing monetary policy.”

"Monetary Control" Please respond to the following:

• Create an analogy or metaphor that explains how banks create and destroy money – one that would be understood by someone with absolutely no bac