A New Journal, The Courage And Act Essay

What does the word courageous mean? Has anyone ever called you courageous? I think it means to be brave and to do what you belive and never let anyone talk you out of it. Also to make a good change. What do you think?

For this assignment I picked “the role of the Federal Reserve” a mere recital of the economic policies of government all over the world is calculated to cause any serious student of economics to throw up his hands in despair (pg, 74). The Federal Reserve is now in the business of enforcing the United States government’s drug laws, even if that means making a mockery of both state governments’ right to set their drug policies and the Fed’s governing statutes. A Federal Reserve official who played a key role in the government 's response to the 2008 financial crisis says the government should do more to prevent a repeat of that crisis and should consider whether the nation 's biggest banks need to be broken up. Neel Kashkari says he believes the most major banks still continue to pose a "significant, ongoing" economic risk. The next ten years will see an explosion of government debt and an implosion of government’s ability to fulfill its promises. Any economic or investment model based on past performance under previous economic conditions will be worthless just as useless as the Federal Reserve’s models.

The first editorial, “The Federal Reserve Politicians,” discussing the expanding power the federal reserve has. The federal reserve officials have become the most important economic decision makers in the government. The author believes that under a healthy government the Fed or any party should not have so much power without more accountability.

     Undaunted Courage is a very detailed account of what Ambrose considers the most important expedition in American history, Lewis and Clark’s exploration of the west. Ambrose attempts to project Thomas Jefferson’s vision of a country that stretches from sea to shining sea, of an open road to the west, of an “Empire of Liberty”. Ambrose repeatedly shows how important the expedition was to the United States and especially to Thomas Jefferson by giving examples of the powers given to Lewis by Jefferson in order to complete the expedition. Lewis is given a letter of credit signed by

In an instant, a single organization, with minimal government oversight, can influence entire markets and monetary supply of the country with the largest economy in the world. The United States founding fathers established a government system to distribute certain powers of the federal government to particular branches that have checks and balances in place to assure efficiency and openness among its divisions. One may assume that the organization that controls the monetary supply of an economic powerhouse of a country would have strong oversight and control over the policies they carry out. The Federal Reserve, also referred to as The Fed, has a purpose, as a central bank, to protect and control the fiscal system of the United States to create a safer lending and borrowing market for private citizens, businesses, and the federal government. Americans perceive the Fed as an extremely powerful organization. Some have asserted, including Hillary Clinton’s spokesman, Jesse Ferguson, that “The Federal Reserve is a vital institution for our economy and the well-being of our middle class” (qtd. in Shapiro 7). Unfortunately, Federal Reserve financial policies have become detrimental to the growth of the national economy and the dollar, therefore, congressional actions against the Federal Reserve Bank are a necessity to avoid continuation of instability in both US and world markets.

The Federal Reserve System is the most powerful institution in the United States economy. Functioning as the central bank of the United States, acting as a regulator, the lender of last resort, and setting the nation’s monetary policy via the Federal Open Market Committee, there is no segment of the American economy unaffected by the Federal Reserve [endnoteRef:1]. This power becomes even more substantial in times of “unusual and exigent circumstances,” as Section 13(3) of the Federal Reserve Act gives authority to the Board of Governors to act unilaterally in lending and market making operations during financial crisis[endnoteRef:2]. As illustrated by their decision making in the aftermath of the 2007-2008 Great Recession,

Ben Bernanke was a key player in U.S. economic policy well before the Great Recession, and during that time seems to have achieved almost mythical status. The prolonged economic crisis has kept him front and center in the news, with regular appearances on Capitol Hill and increasingly heated rhetoric from detractors. As Federal Reserve chairman, Bernanke maintains as he attempts to steer the nation onto a steadier economic course. Federal Reserve Chairman Ben Bernanke is, by all accounts, a man of formidable intelligence. He scored 1590 on his SATs, taught himself calculus in high school, and graduated

The book is not without its confinements. The greater part of the educational substance was at that point open in some frame, for example, through the Fed 's thorough minutes and transcripts. Keeping in mind the creator admits to a few errors around timing or discernment, he puts more vitality into safeguarding his key activities than he puts into impartially contemplating how eccentric money related arrangement may have worked better, what future

“Lehman Collapse Sends Shockwave around the World” Reads the British newspaper, The Times, as the world sinks further into the recession in September 2008. The housing collapse was orchestrated and perpetrated by a system created by investment banks to allow them to make money, by keep the American people in debt, even when the banks knew the loans would default. The investing banking system was left unchecked by the United States government because it did not have the regulations as did the depository banks. There was immoral investing in people’s retirement, pensions, and homes where it created at housing collapse, in which thousands of people over paid in their subprime loans and lost their homes in the process. The federal Reserve is a very selfish and heartless entity in America that has had powerful influence in American politics for decades. The Federal Reserve must be dissolved and succeeded by a federalized entity that has no obligation to any investors. It must contain checks and balances to create a fair playing field. It must not benefit one group of people, but the nation as a whole. Finally, the new banking structure must be solid to keep necessities at steady prices, and must not work on speculation. Prior to “the Fed”, two previous central banking systems were in place, but were limited on how long they influenced (both twenty years) their interest in government, and twice, both banking system were not allowed renewal because many political figures,

The president declined to be interviewed for this article. But in recent weeks Mr. Bush has shared his views of how the nation came to the brink of economic disaster. He cites corporate greed and market excesses fueled by a flood of foreign cash -- "Wall Street got drunk," he has said -- and the policies of past administrations. He blames Congress for failing to reform Fannie and Freddie. Last week, Fox News asked Mr. Bush if he was worried about being the Herbert Hoover of the 21st century.

The Federal Reserve System, initially created to subdue banking panics, has now adopted numerous responsibilities like encouraging a sound banking system and a healthy economy. To delegate these responsibilities, the FED has been divided up into a power diffusing

With the 2016 election well under way, people across America are showing support for the candidate they believe in. People being courageous enough to stand up for what they believe in shows how this election season is spreading courage across America. Going to a rally or sharing your political opinion isn’t exactly comfortable and can get a little sticky. However, to be able to look fear in the eyes and stand up to yours fears and challenge it is what makes a courageous person. What their morals are matter more than anything else. Courage makes a person, that’s why standing up for what's right, having your own moral values, and challenging your fears are all so important in today's society. People who have these courageous traits are more likely

The idea that former Federal Reserve Chairman Ben Bernanke’s ‘Quantitative Easing’ program deserves the credit for healing the wounds inflicted on our nation from the housing collapse of 2008 omits two possibilities: that we actually haven’t recovered, and his policies have actually laid the path for an even greater collapse ahead. The Chairman’s actions hold no precedent, he himself has even admitted to flying blind. The bond and mortgage backed security purchasing program (known as Quantitative Easing’ or just ‘QE’) creating the artificial high by re-inflating asset bubbles was the easy part. To truly follow out the process an exit strategy must be laid to liquidate the nearly ‘$4 trillion dollars’ in toxic assets the Fed now holds

In a recent article in Bloomberg, reporter Jeannine Aversa gives some history and advice for Ben Bernanke, Fed Chief from Ben Bernanke the scholar.

Courage is a necessity to overcome fears and achieve a desired goal. Fear is something that exists in all of us. There is no hero or any particular courageous figure that is without fear. Being fearless is not required to be courageous, one simply has to look past or overcome their fears to possess this great quality. When overcoming fears and going against the norm, there are always risks involved. There are different types of risks that come about. Someone could risk life or limb, while others risk their reputation. Either risk is serious enough that a person must have courage to endure that particular risk. Courage can occur anytime, anywhere, and often in our everyday lives. Everyone will experience courage no matter how young,