Marijuana Policy Project

reducing taxes is a benefit in relation to expansionary fiscal policy and increasing incentives to work, there are far more arguments against cutting taxes. For instance, demand can be assuaged using monetary policy instead and the state of United States’ economy is unbalanced enough…

few of them directly impacted the occurrence of the GFC. The first being the sharp reduction of tax rates to improve incentives for savings, investment, job creation, business start-ups and expansion, entrepreneurship and work, (Ferrara, 2011). This policy allowed many people to take out loans for businesses and homes without having the ability to repay them. As a result, many banks were unable to attend to their customers’ requests of withdrawals and hence had to be bailed out by the…

Authors of dystopian sci-fi novels use their imaginations to write novels, but what if they used more than their imaginations. Dystopian sci-fi novels have been written for many reasons, and have been influenced by many external and internal events. Many corresponding with our real lives including traumatic event, disease’s, and fears of the future, but what weaknesses of our society are the authors really trying to get across through books? Dystopian science-fiction examines the struggles of…

In December of 2007, the United States economy slipped into a recession that would become the most profound financial crisis since the Great Depression. The origin of the recession varies by which economist is asked. Some economist contribute the recession to the rise in oil prices and the weak dollar. The common theory to the 2007-08 financial crisis is the collapse of the housing market bubble and the related subprime mortgage crisis. Consequently, the results of these two problems…

Monetary policy refers to what the Fed is involved in in order to influence amount of money and credit that is in the U.S. economy. Interest rates and performance of the economy of U.S. is affected by what happens to money and credit. The primary way that the Fed conduct monetary policy is through their influence on the Fed Funds rate. Monetary policy goals include promotion of maximum employment, stabilize prices of goods and services, and moderating long-term interest rates. Fed should be…

The Federal Open Market Committee (FOMC) has the responsibility of determining the direction of the monetary policy through open market operations. FOMC is a branch of the Federal Reserve (The Fed) Board which consists of a board of governors composing of seven members and five Reserve Bank presidents. The President of each bank serves a one year term while the President of the Federal Reserve Bank of New York serves continuously. To ensure fair representation across all locations President…

The purpose of the OMO is to implement the monetary policies that were made on the FOMC. There are different types of OMOs, the most commonly used are: triparty, repos and securities purchases. The OMO enable the Fed to affect the supply of reserve balance in the banking system and this way influence short-term interest rates and other monetary policy targets. Also the OMO through the Fed can influence the level of reserve balances by either reinvesting…

The social worker must “began where the client is” and this entails understanding the client’s troubles from the client’s perspective. This perspective is essential in social work practice because it helps the client and social worker build a foundation of trust. When interacting with client’s a social worker’s goal should be to enhance their client’s self-determination. A social worker can achieve this goal by collaborating with the client. Compton concludes, “Collaboration mean working…

The nature of a fiscal stimulus are up to the discretion of politicians and Keynes was aware of political motivations that would steer spending policies towards war, but he hoped: “that in the future we shall not adhere to this purist financial attitude, and that we shall be ready to spend on the enterprises of peace what the financial maxims of the past would only allow us to spend on the devastations of war.” (Keynes, “World Economic Outlook” 1932). Progress in spending on the “enterprises of…

characteristics distinguish interest groups from political parties. To begin, interest groups are a formally organized group of individuals that share common interests, or goals. These groups exist to influence policy making by supporting policies that reflect their own interests or preventing policies that do not favor their interests from being implemented. In order to successfully accomplish their goal, interest groups will often use strategies or techniques such as lobbying, either direct…