"The Federal Reserve System" Please respond to the following:
- Choose a position to defend:
- "The U.S. Congress and the President should have enough leverage and power to control the Federal Reserve's actions in both the short and long run."
- "The Federal Reserve should be independent from political pressure in designing and implementing monetary policy."
"Monetary Control" Please respond to the following:
- Create an analogy or metaphor that explains how banks create and destroy money - one that would be understood by someone with absolutely no background in economics.