Alan Greenspan

When it comes to budget cuts in public schools, the arts always seem to be the first to go. Over the past several years, more public schools have been abandoning art programs make way for more curriculum based classes, such as science and math. Even though the arts are not always present on school curriculums, it does not automatically mean they are unimportant. In fact, the arts are proven to increase academic performance, foster valuable life skills other classes cannot, and improve…

The Case Against Reaganomics and Trumponomics One of the best ways to look at the future is to look at the past. When people fail to look at the past, they are doomed to repeat history, time and time again. The world has seen this with tyrants, and in the United States with taxes. Taxes are how the government makes money to support programs such as welfare, Medicaid and running the military. The more the government cuts taxes the worse things become. Supply-side economics, also known as…

were put forward by its chairman at the time Alan Greenspan. One of the actions that he took that was seen to have brought about the recession is the lowering of the Federal funds rate to 1%. The reduction of the rates according to economists led to the injection of massive amounts of easy credit based money into the financial system (Atif Mian). The increase of money into the financial system usually results to an economic boom. Apart from this, Greenspan has also been seen to have acted in…

Open immigration should be allowed to continue in the United States without being condemned or restricted. Ever since September 11 happened, some Americans have been under the impression that all immigrants are dangerous. They do not want any immigrants in the U.S. and feel that they should be deported. These Americans who feel this way use excuses such as, immigrants take away our jobs and our health care. These excuses show what little knowledge Americans have about immigrants. They are not…

calculated and it is not something that can reasonably be predicted. The core issue that contributed to every other factor in the housing market crash was irrational exuberance, a term made famous by the former chairman of the Federal Reserve, Alan Greenspan. Robert Shiller defined irrational exuberance as “a heightened state of speculative fervor.” While it can be said that U.S. Government and everyone involved in the housing bubble were extremely naïve in expecting housing prices to continue…

During this expansion of the market Federal Reserve Chairman Alan Greenspan was worried that the country could face a recession or server downturn in the economy. From this information the Federal Reserve began cutting interest rates down to as low as 1%, and kept them at this low rate until 2004. This was a policy taken…

The upside of having immigrant in the America People has been migrating from their birth land to escape prosecution, religious freedom, and economic reasons. By 1920 more than 4 million non-naturalize people reside in United States (U.S History). In response to the Gold Rust: several Chinese came to American and California saw the importance of making a way to travel to the west In 1886 Chinese were paid 28 dollars per month do work on the railroad which with lack of safety. Chinese immigrant…

Alan Greenspan, former chairman of the US Federal Reserve with a PhD stated in his testimony before the US Senate Subcommittee on Immigration, Refugees, and Border Security on April 30th, 2009 that “[T]here is little doubt that unauthorized, that is, illegal…

Annually, immigrants from all around the globe, lawful and unlawful, come to the United States. These people have various inspirations for coming to America. Individuals leave for different reasons, some for money related circumstances and others because their country has a lack of occupations, overpopulated or is war-torn. A considerable amount of these individuals truly believes that the United States is the best place to go. This is what the United States wants immigrants to believe in order…

Asset Price Bubbles: The startling growing danger in Australia In the words of noted author, columnist and guest commentator, Barry Ritholtz, you would be “…hard-pressed to recall when any sort of bubble was accurately identified…” , such is the difficulty when determining the origins and effects of price bubbles in the financial sector as well as their effects on society as a whole. In the past year Glenn Stevens, the Governor of the Reserve Bank, suggested at the possibility of a growing…