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The banking authorities, whether central or not, "monetize" the deficit, printing money to pay for the government's efforts to survive. The hyperinflation under the Chinese Nationalists from 1939 to 1945 is a classic example of a government printing money to pay civil war costs. By the end, currency was flown in over the Himalayas, and then old ...
Money printing may refer to: Money creation to increase the money supply; Debt monetization, financing the government by borrowing from the central bank, in effect creating new money; Security printing as applied to banknotes ("paper money") Quantitative easing, a type of monetary policy meant to lower interest rates
A minimum wage law can only achieve good in proportion to its modest aims, and the more ambitious the law is, the more likely its harmful effects will exceed its good effects. [3] Hazlitt points out that a wage is a price, and raising the minimum wage above the market value will result in increased unemployment.
We just can't keep printing more money to pay it off. And that's really the problem. We just keep printing money to solve our problems, but we can't go on much longer,” he cautioned.
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Two important features characterized the education reforms of this movement. First, as in other fields of public service provision, a focus on outcomes and results became crucial. This type of performance evaluation required the definition of both particular standards and broader objectives in the pursuit of educational goals.
The vision of the standards-based education reform movement [9] is that all teenagers will receive a meaningful high school diploma that serves essentially as a public guarantee that they can read, write, and do basic mathematics (typically through first-year algebra) at a level which might be useful to an employer. To avoid a surprising ...