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Questions and Answers
What would be the impact of terminating the Federal Reserve's powers to create government debt-backed money?
What would be the impact of terminating the Federal Reserve's powers to create government debt-backed money?
- It would lead to inflation and deflation.
- It would reduce excessive Government spending and improve accountability. (correct)
- It would increase Government spending and decrease accountability.
- It would have no impact on Government spending or accountability.
What would be the result of requiring the Federal Reserve to create a stable, asset-backed currency?
What would be the result of requiring the Federal Reserve to create a stable, asset-backed currency?
- It would have no impact on inflation or deflation.
- It would avoid both inflation and deflation. (correct)
- It would lead to inflation and deflation.
- It would increase Government spending and decrease accountability.
How would the Federal Reserve distinguish between 'productive' and 'non-productive' uses of money and credit?
How would the Federal Reserve distinguish between 'productive' and 'non-productive' uses of money and credit?
- By financing productive uses directly from the Government's tax revenues.
- By financing productive uses from the accumulations of savers, wealthy Americans, and foreigners.
- By financing non-productive uses from the accumulations of savers, wealthy Americans, and foreigners. (correct)
- By financing non-productive uses directly from the Government's tax revenues.
According to Louis Kelso, money is primarily used as
According to Louis Kelso, money is primarily used as
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America could reduce its dependency on past savings by
America could reduce its dependency on past savings by
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The Federal Reserve System would supply asset-backed money and productive credit through
The Federal Reserve System would supply asset-backed money and productive credit through
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To ensure broad representation and power over future money creation, the text suggests providing
To ensure broad representation and power over future money creation, the text suggests providing
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