2007-02-14 05:23:59 · 5 answers · asked by roybrownie 1 1 in Politics & Government ➔ Government
Depends on how far off elections are.
2007-02-14 05:35:29 · answer #1 · answered by Curt 4 · 0⤊ 0⤋
It's determined by the Chairman of the Federal Reserve Board. He was given this responsibility because the party in power had traditionally churned out cheap money before elections in order to give the appearance of prosperity. There was hell to pay later in terms of inflation, but by then, the election was over. Putting the Fed Chairman in charge of the nation's money supply removed monetary policy from political influence, in theory at least. So far, the theory seems to be working fairly well.
2007-02-14 05:59:58 · answer #2 · answered by texasjewboy12 6 · 0⤊ 0⤋
Mostly they just print replacements for money (damaged) turned in for destruction.
increase in the money supply is done electronically, not by printing actual bills.
The Gov'ts deficit of 800 billion a year is financed by selling treasury bonds, which brings money to the government, this serves to give the gov't money to spend, but also increases the debt.
2007-02-14 05:32:02 · answer #3 · answered by bob shark 7 · 1⤊ 0⤋
it's a certain percentage of what is guaranteed by the Gold Standard.
Fort Knox and all that, dontcha know...
2007-02-14 05:38:36 · answer #4 · answered by Munya Says: DUH! 7 · 0⤊ 2⤋
they call me in the morning, and i tell them...pretty simple...
2007-02-14 05:28:54 · answer #5 · answered by badjanssen 5 · 0⤊ 1⤋