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But I dont think that your argument that supposed threat of federal controlled usajobs and states. This included $172.1 billion worth of construction by local, state, and national governments. The nation's stock of gold declined from a value of $22.9 billion at the start of 1958 to $10.5 billion as of 31 July 1971, only two weeks before President Nixon announced that the United States would no longer exchange dollars for gold. A change in the discount rate, therefore, directly affects the capacity of the member banks to accommodate their customers with loans.

Pages: 64

Publisher: Compass Point Books (January 1, 2011)

ISBN: 0756543967


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