An Introduction to U.S. Monetary Policy

“Most people find economics complicated to the point of being impenetrable. Of all the subject areas within economics, monetary theory and policy may be the most challenging for the general public. Money itself is a bit puzzling. After all, how did it happen that we give other people real goods and services and are willing to accept little pieces of paper or metal, or even bits and bytes on a computer, in return?” – Steve Horwitz, An Introduction to Monetary Policy

What a wonderful short introduction to the subject of monetary policy.  If you follow the link, you can read the entire paper.

http://mercatus.org/publication/introduction-us-monetary-policy

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About Christopher Hessenflow

Christopher Hessenflow is a financial planner in the Chicago area. He works with all sorts of people who are much more interesting than he is. He enjoys his career which lends him time to think and, sometimes, be creative. Chip was born bald.
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