Tuesday, April 8, 2014
Chapter 10
The federal reserve seems like a really smart idea on our country's behalf. It protects us from loosing a ton of money and causing more trouble when we are in trouble like the stock market crash and things like that. Wheelan states it perfectly, "it is an awesome power" (219). The "speed limit" idea makes a lot of sense to me. We have to give ourself boundaries or else the market will crash and will destroy our country. Although some of us might go over the speed limit we all know that we could get caught and fined. If there is inflation we know that we are going "over" the speed limit and could get into some trouble. We need to give ourself rules and limits or else we would give out money that we don't have and end up with no money left after all.
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