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NY Fed chief urges global bank framework By James Politi in Washington and Gillian Tett in London Published: June 8 2008 23:32 | Last updated: June 8 2008 23:32 Banks and investment banks whose health is crucial to the global financial system should operate under a unified regulatory framework with “appropriate...
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From a forum I frequent: [QUOTE]The income tax serves as key stabilizer to the economy, as can be shown: Y = C + I + G + X-IM C = a + b*DI Assume a flat is in effect of T = tY C = a + b*(Y-tY) C = a + b*(1-t)Y Y = a + b*(1-t)Y + I + G + X-IM Y - b*(1-t)Y = a + I + G + X-IM Y(1-b*(1-t) = a + I + G + X...
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I was having an arguement with this person saying that people have a misconception about inflation because they think that inflation will rob him of his purchasing power of his hard earned money. So that when the prices rises, your dollar will buy fewer goods so it might seem that it lowers living standards...
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In the midst of our economic slowdown, the U.S. Treasury Dept has issued what they are calling the "Blueprint for Financial Regulatory Reform". The highlights, as given by an article on Yahoo!'s website , are as follows: --designate the Fed as the primary regulator for market stability...