(How the Fed and IRS determine Interest Rates & Income Taxes) The Federal Reserve (Fed) and the Internal Revenue Service (IRS) play distinct roles in the U.S. economy regarding interest rates and income taxes: Interest Rates Federal Reserve (Fed): Monetary Policy: The Fed sets the federal funds rate, which influences interest rates across the economy. […]
Taxation without Representation Read More »
In discussions about the economy, terms like “national debt” and “national deficit” often come up, but they refer to different concepts. Understanding these terms is crucial for grasping how government finance works and the implications for the economy. Here’s a breakdown of each term and how they differ.
Can Uncle Sam afford the US? National Debt vs. National Deficit Read More »
When it comes to the U.S. financial system, two key institutions often come to the forefront: the U.S. Department of the Treasury and the Federal Reserve System. While both play crucial roles in the nation’s economy, they serve distinct functions and have different mandates. Understanding these differences is essential for anyone looking to grasp the complexities of U.S. monetary and fiscal policy.
Understanding the Difference: Treasury vs. Federal Reserve Read More »
