What Do the Federal Reserve Banks Do?
In 1913, the Federal Reserve Act established the Federal Reserve System (FRS), an independent governmental entity that would serve as a central bank to the U.S. government. In addition to…
What is the U.S. Treasury?
The U.S. Treasury, created in 1789, is the government department responsible for issuing all Treasury bonds, notes, and bills. The Internal Revenue Service (IRS), the U.S. Mint, the Bureau of…
What is the Federal Open Market Committee (FOMC): What It Is and Does
What Is the Federal Open Market Committee (FOMC)? The term Federal Open Market Committee (FOMC) refers to the branch of the Federal Reserve System (FRS) that determines the direction of…
Reaganomics: What It Was, Major Goals, and Long-Term Impact
What Is Reaganomics? Reaganomics is a popular term referring to the economic policies of Ronald Reagan, the 40th U.S. president (1981–1989). His policies called for widespread tax cuts, decreased social…
Federal Reserve Board (FRB)
What Is the Federal Reserve Board (FRB)? The Board of Governors of the Federal Reserve System, also known as the Federal Reserve Board (FRB), is the governing body of the…
Supply-Side Economics
What Is Supply-Side Economics? Supply-side economics is a theory that maintains that increasing the supply of goods and services is the engine of economic growth. It advocates tax cuts to…
What Is a Laissez-Faire Economy, and How Does It Work?
What Is Laissez-Faire? Laissez-faire is an economic theory from the 18th century that opposed government intervention in business affairs. The driving principle behind laissez-faire, a French term that translates to…
Who Was Jean-Baptiste Say?
Jean-Baptiste Say (1767-1832) was a French classical liberal economist and scholar. Say was born in Lyon and had a distinguished career. He served on a government finance committee under Napoleon.…
What Is a Central Bank, and Does the U.S. Have One?
What Is a Central Bank? A central bank is a financial institution given privileged control over the production and distribution of money and credit for a nation or a group…
What do rising interest rates mean for you?
Note: ZPEnterprises is not a licensed investor/financial advisor, but we are trying to share awareness of financial topics. Please do further research and work with a licensed financial advisor. The…