Replies to post #487753 on Tornado Alley (PROG)

[OMOLIVES]

? Did you ever hear of the term Monetary Policy. Last time I checked...that was the Federal Reserve's duty.

What Is Monetary Policy?

Monetary policy is a set of tools used by a nation's central bank to control the overall money supply and promote economic growth and employ strategies such as revising interest rates and changing bank reserve requirements.

In the United States, the Federal Reserve Bank implements monetary policy through a dual mandate to achieve maximum employment while keeping inflation in check.1

https://www.investopedia.com/terms/m/monetarypolicy.asp

The only effect the GOV is responsible for is going further in debt. Did you ever wonder why other Global economies changed the accounting for GDP after 2008? It took the US GOV/FED some time after such..even after Canada to adjust that measurement. The US changed such in 2013...and since then the GDP has been adjusted upward as to show a higher GDP. Which means that in almost every nation, the GDP to debt levels are skewed. The spread is much higher than shown. All due to the economic crisis of 2008.

Further:

Much attention about today’s data release will focus on BEA’s new methodology for calculating GDP. This new methodology generally makes two large changes. First, it reclassifies some spending made by businesses as long-lived investment rather than current intermediate costs. This means that this reclassified spending now boosts measured GDP (which excludes intermediates costs, but does include investments). Most of this newly reclassified spending concerns spending to create intellectual property. Second, it modifies how employers’ spending on pension plans is reflected in GDP accounts, by changing to accrual accounting from cash-based accounting.

A revised example a/o date of article:



https://www.epi.org/publication/methods-story-gdp-data-show-economy-healed/

They will give you reasons..as in perfecting it...but the main reason for every nation was to make their debt to GDP more favorable. So they gamed it.

Yay........