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Monthly Archives: January 2013
Monetary Alchemy, Fiscal Science
The year 2013 marks the 100th anniversaries of two separate major institutional innovations in American economic policy: the Constitutional Amendment enacting the federal income tax, ratified on February 3, 1913, and the law establishing the Federal Reserve, passed in December 1913. … Continue reading
Posted in Budget, Fiscal Stimulus, Monetary Policy, Recession
Tagged budget, fiscal stimulus, monetary policy, Recession
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