CEPR Economics Seminar Series:
Basic Economics for Policy Analysis and Self Defense
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Seminar 8: The Federal Reserve Board - The Most Important Source of Poverty in the United States
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The Federal Reserve Bank plays a crucial role in the U.S. economy. This session will explain how the Fed determines the number of people who get to hold jobs in the United States. We will cover the economic myth that kept millions out of work: the non-accelerating inflation rate level of unemployment (NAIRU). We will also discuss the Fed and the European Central Bank, including how bankers get to make the European welfare states look bad.
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View Dr. Baker's PowerPoint presentation here:
http://www.cepr.net/seminars/powerpoints/2005_11_03.ppt

Center for Economic and Policy Research
Instructor: Dean Baker