.... Keynes came up with an explanation to the economic slump that was so simple people did not think it would work. Keynes explanation was something like this; in a normal economy, there is a high level of employment, and everyone is spending their earnings as usual. This means there is a circular flow of money in the economy, as my spending becomes part of your earnings, and your spending becomes part of my earnings. Suppose something happens to alter consumers confidence in the economy. Worried consumers may then try to weather the coming economic hardship by saving their money, but because my spending is part of your earnings, my decision to hoard money makes things worse fo ....

.... the mere speculation of his making a move can cause panic buying or selling in the open markets. Alan Greenspan has the power to increase or decrease the money supply by changing reserve requirements, by changing the discount rate, or by buying or selling U.S. Securities over the open market. The major governmental problem is trying to balance the budget. The United States government is currently in debt $5,262,697,717,000 as of February 7. This number grows about $10,000 per second(see charts 2,3,and 7). President Clinton, Chairman Greenspan, and Congress are all working towards a balanced budget by the year 2002. As many economists explain , the need is for legislati ....

.... more fair system. However, it is not fair at all. Capitalism is a better economic system than Communism because it allows people to be individuals, and it gives motivation to succeed. Capitalism allows people to be who they want, achieve what they want, and live how they want. One may decide to work hard his whole life and earn a lot of money, so that he may own a large house. Others may choose to simply live comfortably in a small house with a small income. Capitalism allows people to make their own decisions about their lives. However, Communism does the opposite. People are forced to settle for being average. Everyone is the same as everyone else and nobody is all ....