International Monetary Fund

Friedrich Hayek, an economist primarily working in the early to middle 1900s, focused primarily on many different economic topics and played an important role in the government's politics, influencing many economists viewpoints for years to come. Later on in his career, one of the economists he influenced, Milton Friedman arose to fame with his own economic theories partially based off of Friedrich Hayek’s theories. Although Friedman was influenced by Hayek, both economists have since diverged…

Welfare assistance programs need to be reformed again, in order to make them effective. In 1996 the Welfare Reform Act was enacted and it changed the entire program for the better, but it still isn’t doing enough to prevent fraudulent behavior. The programs have become abused and need to be reformed again. America's welfare programs are tautological and repetitive. The current welfare state encourages dependence instead of lifting people out of poverty. Welfare dependence creates behavioral…

Factor 3: Global Economic Influences on the Australian Economy a) Australia has been a participant in world trades, investments and financial flows for many years. Thanks to improved technology, market growth and many other facets of the global economy, this globalisation has only become easier and is now at a point where every country is affected by global economic influences, good and bad. An example of this at play in Australia would be the recent political uncertainty with the US…

Future Challenges for Australia Sydney is Australia’s largest city and today it’s population is greater than the whole of Australia was over a century ago. Currently, more people live in Sydney than in the whole of New Zealand. Sydney is therefore changing, growing and expanding with an average annual growth rate of 1.8% with 63% of New South Wales’s current population living in Sydney, as opposed to the 48% of Queensland’s population living in Brisbane. However, Western Sydney’s population is…

The ANZ Bank building at 376-392 Collins Street Melbourne, is an amalgamation of two buildings: the former ES&A 'Gothic' Bank, on the corner site, and the former Melbourne Stock Exchange, fronting Collins Street. While both these designs are specifically Gothic in style, their appearance is a demonstration of the two vastly contrasting Gothic revival developments in Melbourne during the 1880s and 1890s. The Gothic Bank was the first building to be constructed and is an example of the first…

to question if the United States is a declining power and how this will effect the international system. I believe that the United States is a declining power currently, but I don't think that this will be a permanent problem. I don't believe that America's decline is irreversible or that we are close to entering a post-American era. After World War II, America became one of the two powers in a bipolar international system. After the fall of the Soviet Union,…

The recession in the 80s, the stock market crash, post cold wars, inflation and the Exxon Valdez oil spill in the 1980s into 1990s all experienced by America contributing factors to the fall its economy. Competition with other nations again caused America its global market shares. America’s economy recovery began 1983 that led to prospects and stretched into the President Reagan’s administration. During his term, some people expressed that his policies caused a budget deficit and increasing debt…

Do conservatives really lower taxes? An analysis on the impact of conservative rule on rates of taxation. “There are only to sure things in life, death and taxes”, the old adage clearly illustrates one of the realities of modern life. It is impossible to escape taxation. Given this basic principle there can be huge differences in the rates of taxation between different countries and at different times. In this essay I will consider the impact that conservative parties, traditionally associated…

Woodrow Wilson signed the Federal Act Law. The Federal Reserve System was created to help regulate the national banks of the United States, credit and money supply which is how much money is earned and given. The Federal Reserve is similar to the Monetary Policy as it also controls the supply of money of the country to help stop inflation. This law applies to the whole country. Any other alternatives to this system wouldn’t work. Therefore, the United States of America should remain under the…

Introduction The United States has experienced a series of recessions/depressions and economic booms. The roaring 20s was filled individuals new to credit and amazing interest rates, but their fun soon was flipped when the Great Depression hit in 1929. The United States economy continued to experience minor highs and lows of the economy, but the next notable fall was the Great Recession of 2007. During each economic boom or downfall there were three major economic schools of thought that…