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 The Trial of Monty Terry
Unfortunately, banks also pay less interest to people who deposit money in their savings accounts. Well, I don’t want to hurt anyone’s feelings, but I will take my money out of U.S. banks and put it into foreign banks paying higher interest rates. So an easy money policy by the Fe...
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Unfortunately, banks also pay less interest to people who deposit money in their savings accounts. Well, I don’t want to hurt anyone’s feelings, but I will take my money out of U.S. banks and put it into foreign banks paying higher interest rates. So an easy money policy by the Fed decreases my demand for dollars. The dollar is of less value and the value of the dollar no longer appreciates but is instead referred to as “depreciated.” That’s why they call me capital flight. See ya! Prosecuting Attorney: Your
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http://www.frbatlanta.org/publica/extra_credit/2007/spring/lessonTrialofMontyTerry.pdf#page=22
www.frbatlanta.org/publica/extra_credit/2007/spring/lessonTrialofMontyTer...
Unfortunately, banks also pay less interest to people who <span class="highlight">deposit</span> money in their savings accounts. Well, I don’t want to hurt anyone’s feelings, but I will take my money out of U.S. banks and put it into foreign banks paying higher interest rates. So an easy money policy by the Fed decreases my demand for dollars. The dollar is of less value and the value of the dollar <span class="highlight">no</span> longer appreciates but is instead referred to as “depreciated.” That’s why they call me capital flight. See ya! Prosecuting Attorney: Your
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