美国的故事（American story）.docVIP

美国的故事（American story） The main contents of this paper are listed in the United States for hundreds of years some of the major financial events, I believe that readers can learn from. 1.1907 years, the financial crisis, J P Morgan shot bailout fund. (note, not the United States government behavior) 2.1913 years, the establishment of the federal reserve. 3.1929 years of the great depression. The reason is that monetary policy is too loose, the rapid expansion of the Feds asset size, whether installment growth rates, or the stock market funds showed excessive well-off funds. Finally, Roosevelts new deal is that economic recovery. Roosevelts new deal is equivalent to the positive fiscal policy, the result is the increase in the national debt. 4.1936 years, the British John Maynard Cairns published the famous employment, interest and money, the book is considered the cornerstone of macro economy, the macro-control since then have a theoretical basis. It can be said that Keynes killed Adam Simy in eighteenth Century to create the economic liberalism. However, also again after 10 years, Keynes went to see Smith. (Keynes is the original sin, only to save more than 30% of the amplitude of the decline of the proactive fiscal policy and loose monetary policy, the economy stable period, since the economy will be in a bubble bath time) 5.1944 years, reached the Bretton Woods system. The dollar with gold, which is equivalent to money tied hands and feet, so cannot be increased. The 6. century in 60s, Peter Bernstein wrote his first book, prosperity price. That year he was 42 years old. The main idea of this book is that the government should pay, is a proactive fiscal policy, the book is simulated in some countries two years 1965 -1970 the national economy and the national economy and the income tax (here, the national economy income tax = +), it is concluded that the proactive fiscal policy, the number of residents income no reduction in national income at the same time, add mor