View the videos found in Module 7 Discussion & LearnLiberty/Stossel Videos then answer the following questions.
1. What is inflation?
2. What does inflation do to the value of our money? Is it a good or bad thing? Defend your answer.
Specific to “Currency Conundrum”:
3. David Barker said, “central planning doesn’t work as well as markets.” What does this mean? Explain why you agree or disagree.
4. What do you think about the idea of private money? How do you think it would work? If people were free to use whatever money they trusted, do you think competition would provide incentives for people offering private money to retain the value of their currency and to avoid inflation?
Specific to “A History of Booms and Busts”:
5. According to Stephen Davies, when central banks manipulate the money supply artificial pressure is placed on interest rates since the market is not determining the equilibrium interest rate. This theory helps explains malinvestments. Is this a justifiable theory? Defend your answer.
The core responsibilities of government have kept up with commerce and economic activity by migrating online, becoming what is known as e-government. Information and services provided by government can be accessed quickly and easily, improving communication between citizens and government. Students can access a central portal for all government services at usa.gov (Links to an external site.). Select an agency that has some interest to you from this site and check out their digital presence. Share in your post what you learned about the agency, and how easily accessible you found (or did not find) information about the agency’s mission and the services they provide. What are the advantages and disadvantages of e-government? Be sure to incorporate both the text and the TEDTalk in your response.
Post initial comments of at least 200 words by Thursday midnight, and then have two response posts of at least 100 words by Sunday midnight. Be sure you reference your text at least once. Put your word count at the end of each post. Note that you will not be able to see other posts until you have submitted your own.