Today, Craig is going to dive into the controversy of monetary and fiscal policy. Monetary and fiscal policy are ways the government, and most notably the Federal Reserve, influences the economy - for better or for worse. So we’re going to start by looking at monetary policy, and specifically how the Federal Reserve uses interests rates as a means of controlling (or at least attempting to control) inflation. We’ll then move onto fiscal policy - that is the government’s use of taxation to raise and spend money. It’s all, well, pretty controversial, but as it seems Americans hate taxes the most, monetary policy is most often used - meaning that the Federal Reserve plays a hugely significant role in steering the U.S. economy.
Produced in collaboration with PBS Digital Studios: youtube.com/pbsdigitalstudios
Support is provided by Voqal: www.voqal.org
All attributed images are licensed under Creative Commons by Attribution 4.0
Facebook - www.facebook.com/YouTubeCrashC...
Support Crash Course on Patreon: patreon.com/crashcourse
CC Kids: www.youtube.com/crashcoursekids
In this crash course series hosted by Craig Benzine (aka WheezyWaiter), learn the basics of American government in videos lasting about 9 minutes each, covering the basic functions and policies discussed in American politics