Reagan, whose life spanned from the pre-Federal Reserve world at the time of his birth to the era of computer-driven financial innovation during his presidency, appreciated how difficult it was to achieve lasting monetary stability because he had seen the ups and downs of most of the twentieth century.
At 24% of GDP, federal government spending now exceeds post-World War II norms, as the federal government grows in size and involvement in our daily lives.
That system emerged because employers, restricted by federal wage limits during World War II, started offering tax-free health coverage to attract workers.
That is what QE3 might mean for the Federal Reserve and the world economy that has to deal with U.S. quantitative easing.
At that rate, the credit card giant would eclipse the U.S. Federal Reserve as the world's premier toll-taker in the currency business.
Although most Americans take it for granted that they receive health insurance through the workplace, this is an artifact of federal tax rules from World War II.
When I entered the world of federal procurement after years in the commercial sector, I thought I had to step back and understand new rules of a new game.
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But, after 10 years of benign neglect, and in the face of a further easing by the Federal Reserve, the world is again looking for an alternative to the dollar.
America today suffers from virtually the highest corporate tax rate in the industrialized world, with federal and state corporate rates averaging nearly 40% nationwide.
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America prospered to become the mightiest economic power in the history of the world with the federal government limited to that level of spending.
Which is a shame, because the U.S. has the largest federal water zone in the world, with more ocean area suitable for deep-water fish farming than the country has arable land area.
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But if after three years she's made all of her payments, you refund the extra, because there was no reason in the world why the federal government should charge someone who is the working class level more if she's made her payments.
By world standards, the federal government is not unduly large (though some state ones are).
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Like today, that crisis featured public profligacy, shifting economic power in the world and a cowed Federal Reserve.
It also seemed to work, which is why nearly every major central bank in the world (except the Federal Reserve) ended up with some form of inflation target.
Federal law prohibits government funding of world fair exhibitions in the absence of express Congressional authorization, and in the downturn American companies were reluctant to dole out cash for the Shanghai event.
The U.S. today suffers from virtually the highest corporate tax rate in the industrialized world, with a federal rate of 35%, and the states pushing it to close to 40% on average.
We should restore America's competitiveness in the world by reducing the federal business tax rate to match Ireland's 12.5 percent rate, which proved highly successful in promoting a boom in jobs and wages.
They are so radically transformative of the relationship between financial institutions, and we didn't understand how little we understood them, even the smartest people at investment banks and the Federal Reserve and all over the world.
World Vision, of Federal Way, Wash.
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Long term fixes include making our economy more competitive with the rest of the world, and controlling federal spending so that federal debt is below 70% of our GDP and annual federal deficits (absent extreme circumstances) are no greater than 3% of GDP.
It wasn't until World War II that the federal income tax affected a large percentage of the population.
To be specific it is excess reserve accounts at the Federal Reserve, which in the modern world are actually electronic.
For four decades after World War II, the federal government made enormous investments in research universities, national laboratories, communications and micro-processing technologies, and the necessary infrastructure to support the development and commercialization of information technologies that have transformed the American workplace, created entire new industries, and made the American economy the most productive in the world.
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Whoever helped brief the governor on world matters deserves at least a federal judgeship.
In what world is the purpose of a federal budget to ensure the well-being of all Americans?
The report also found that almost 75 percent of the citizens questioned would prefer to use their local or state government World Wide Web site over a federal government Web site when interacting with government.
The governor's push came about a week after federal prosecutors in New York shook up the political world, charging Democratic State Sen.
It belongs to the public, funded in part by federal tax dollars appropriated by Congress to show the world that America isn't beaten.
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The past three years the commodity markets, including precious metals, have been boosted by the easy money policy of the U.S. Federal Reserve and other major central banks of the world.
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