Who is the Supreme Court - 1 Who is the Supreme Court a...

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1. Who is the Supreme Court? a. Average age of the four judges on the left side: 74.5 b. Average age of the four judges on the right side: 59.75 Breyer 1938-69 Clinton Mod-left Ginsberg 1933-74 Clinton Mod-left Stevens 1920-87 Ford Mod-left Souter 1939-68 Bush 1 Moderate Kennedy 1936-71 Reagan Mod-right Roberts 1955-52 Bush 2 Right/Far right Alito 1950-57 Bush 2 Far-right Scalia 1936-71 Reagan Far-right Thomas 1948-59 Bush 1 Far-right Tazation and economic policy 1. Basic models for organizing an economy 2. Fiscal and monetary policy a. Fiscal policy deals with government spending i. Spend more than it takes in =stimulates the economy ii. Who controls fiscal policy and how much we spend? Congress and the President b. Monetary policy i. Deals with how much money is in circulation at any given moment ii. How costly money is
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iii. In the hands of the Federal Reserve Fund
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Unformatted text preview: 1. Chair is appointed for four years 2. Can’t be fired by president 3. Tax policy a. Consumption versus income b. Vertical (progressive, flat, and regressive) c. Horizontal (loopholes) d. Estate or death taxes 4. Major sources of revenue and major expenditures 5. The budget process 6. Types of policy: distributive, redistributive, and regulatory 7. The policy process 8. Iron triangle and issue network Techniques of monetary control (2 principal techniques) 1. Reserve requirements-the reserves members banks must maintain against their deposits in Federal Reserve Banks. 2. Discount rate—interest rate at which the Federal Reserve lends money to commercial banks Tax Rates 1....
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  • Fall '07
  • Rabinowitz
  • Monetary Policy, Supreme Court of the United States, Federal Reserve System, REAGAN BUSH, ight Far-r ight

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