AEI scholar Derek Scissors illustrates the connection between China’s currency and US unemployment rates as part of this Tax Foundation University lecture series on the economics of trade.
"Even those with an ‘absolute advantage’ benefit from free trade and specialization."
AEI scholar Derek Scissors explains the benefit of specialization and the leveraging of comparative advantage as part of this Tax Foundation University lecture series on the economics of trade.
Dr. Larry White discusses how the Federal Reserve can affect monetary policy by influencing a number of variables including the monetary base, the number of deposits held by the public, and the ratio between those variable.
The Fed achieves this through a variety of actions including the purchase and sale of securities, discount-window lending to banks, and the manipulation of interest rates.
Dr. Larry White ends this Tax Foundation University series with a discussion of whether the Federal Reserve has solved the problems it was formed to deal with.
White also discusses alternatives to the Federal Reserve system and other options for achieving better results in the future.