The Economics of Money: Why the Fed's cutting interest rates to 0 and all the rescue money being spent by Washington won't drive inflation.
Posted on: 17-Dec-2008
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The Economy keeps sinking and the Government keeps spending to rescue banks and now the Fed is cutting interest rates to almost zero. Wondering what all those great economic minds are thinking, read on and you’ll get a good understanding of what they are doing and hopefully help you make better decisions. I will need to walk you through a bit of economic theory. But I’ll explain what money really is, why it works, how it works, why lowering interest rates and pumping money hasn’t been working.
weQuest's are written by G Dan Hutcheson, his career spans more than thirty years, in which he became a well-known as a visionary for helping companies make businesses out of technology. This includes hundreds of successful programs involving product development, positioning, and launch in Semiconductor, Technology, Medicine, Energy, Business, High Tech, Enviorntment, Electronics, healthcare and Business devisions.