In a 2009 Newsweek article, The 50 Most Powerful People List, there are 3 banker
ID: 1251836 • Letter: I
Question
In a 2009 Newsweek article, The 50 Most Powerful People List, there are 3 bankers who are listed as the 4th, 5th, and 6th most powerful people in the world.Read the following article on the "Economic Triumvirate": Downloadable pdf version: The Global Elite: Economic Triumvirate, or go to http://www.newsweek.com/id/176288
•Explain why these three men (the 3 bankers who are listed as the 4th, 5th, and 6th most powerful people in the world) might be considered more powerful than most countries' leaders.
•Explain how or why, during the recession of 2008–09, banks of the world seemed to unite on cue to lower interest rates worldwide.
•Provide a short, 2-paragraph policy on how you would improve U.S. monetary policy. Use APA style to cite any references that may support your policy or a current policy that you are refuting.
•Comment on another student's posting.
Explanation / Answer
a 2009 Newsweek article, The 50 Most Powerful People List, there are 3 bankers who are listed as the 4th, 5th, and 6th most powerful people in the world.
Read the following article on the "Economic Triumvirate": Downloadable pdf version: The Global Elite: Economic Triumvirate, or go to http://www.newsweek.com/id/176288
•Explain why these three men (the 3 bankers who are listed as the 4th, 5th, and 6th most powerful people in the world) might be considered more powerful than most countries' leaders.
Though these men do not run the political sphere, they control and influence a great portion of the most powerful economy in the world: the U.S.A.'s. In this respect, the 4th, 5th, and even 6th most powerful people in the world are bankers - people who regulate and determine the course that our influential economy will take.
•Explain how or why, during the recession of 2008–09, banks of the world seemed to unite on cue to lower interest rates worldwide.
In the recession of 2008-2009, people saw their wages drop; people simply could not afford the same goods that they had previously bought. A recession is particularly disasterous in times of inflation, since an inflation causes prices to *rise* while a recession causes wages to *fall*, leading to an effective *mass fall* of common peoples' purchasing power.
•Provide a short, 2-paragraph policy on how you would improve U.S. monetary policy. Use APA style to cite any references that may support your policy or a current policy that you are refuting.
I won't write this for you, simply because your instructor can easily discover that you copied your answer from Cramster. However, here are two paragraph ideas:
P1: Make sure that the Federal Reserve is *responsive* to fluctuations in the stock market and general market confidence.
P2: Improve the process of selection/election for Federal Reserve leaders, perhaps through a popular vote.
SOURCES: some *great* sources for this assignment are the Fed's website; for "current news" just go to news.google.com and search "federal reserve." Your first couple of results will be the most useful.
•Comment on another student's posting.
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