Monetary Aggregates Play Little Role In The Conduct Of Monetary Policy

In conventional macroeconomic thinking, the money supply is considered the main determinant of long-run inflation. A variety of monetary aggregates have been proposed to measure the money supply. Yet, nowadays, monetary aggregates play little role in monetary policy deliberations at most central banks.

A new study in the Journal of Money, Credit and Banking examines the leading arguments for assigning an important role to tracking the growth of monetary aggregates when making decisions about monetary policy. The analysis finds that none of the arguments provides a compelling reason to assign a prominent role to monetary aggregates.

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Autism Education Network – An In-Depth Overview

The Autism Education Network is helping raise the voice of children with autism to help them be heard and increase and maximize their capabilities. Collectively these children and adults are working towards reforming the lives of children with autism and their rights to a free and appropriate public education. Technology has sanctioned these families with the power to voice opinions and make a change.

Finding information may be difficult and cumbersome. By joining the Autism Education Network, you will receive updates on concerns facing the autism community. Joiners will also receive updates to community education programs as well as training and support programs. The network of individuals who support or receive support from the Autism Education Network will provide a strong united front to educating themselves as well as the children they love which will enable them to reach their fullest potential.

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Revive Lincoln’s Monetary Policy – An Open Letter to President Obama

Dear President Obama:

The world was transfixed on that remarkable day in January when, to poetry, song, and dance, you gazed upon Abraham Lincoln’s likeness at the Lincoln Memorial and searched for wisdom to navigate these difficult times. Indeed, you have so many things in common with that venerable President that one might imagine you were his reincarnation in different dress. You are both thin and wiry, brilliant speakers, appearing on the national stage at pivotal times. Fertile imaginations could envision you coming back dressed in that African heritage you freed, to help heal the great scar of slavery and prove once and for all the proposition that all men are created equal and can achieve great things if given a fighting chance.

As Wordsworth said, however, our birth is but a sleep and a forgetting; and if that is true, you may have forgotten a more subtle form of slavery from which Lincoln tried less successfully to free his countrymen. You may have forgotten it because it has been omitted from our popular history books, leaving Americans ill-equipped to interpret the lessons of our own past. This letter is therefore meant to remind you.

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