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Economics

Money Panics and the Establishment of the Federal Reserve System (Lesson Plan)

—National Council on Economic Education, New York
An unregulated banking system in the nineteenth century contributed to a string of severe money panics. A short play in this lesson plan helps students understand why this happened and how today’s Federal Reserve System protects against panics.

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Keynesian, Monetarist and Supply-Side Policies: An Old Debate Gets New Life

By M. Scott Niederjohn and William C. Wood
Keynesian fiscal policy—out of fashion with economists and policymakers for decades—has enjoyed a revival under President Obama’s new economic policy team, but competing approaches also have their advocates.

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