Pillar 02
Institutions and Power
Who decides the supply and price of money? This pillar covers central banking, deficits and public debt, and monetary policy — and what those decisions mean for ordinary savers.
- Central banking
- Fiscal deficits and public debt
- Monetary policy
- Who controls the price and supply of money?
Questions we’re investigating
- 1.
Why does the Federal Reserve target 2% inflation instead of stable or gently falling prices?
Read the research note → - 2.
How independent is the Federal Reserve in practice?
No note yet — on the research list.
- 3.
How do persistent fiscal deficits affect future inflation and interest rates?
No note yet — on the research list.
- 4.
What changed for the dollar after gold convertibility was suspended in 1971?
No note yet — on the research list.
Research notes
No research notes in this pillar yet.
Lessons
No lessons in this pillar yet.
Tools
- Federal debt (Treasury Fiscal Data) — Total public debt outstanding with its record date.