Alternatives to the Federal Reserve's method of controlling inflation and deflation could include the use of fiscal policy by the government, such as adjusting tax rates and government spending to influence the economy. Another alternative could be the use of supply-side policies, which aim to increase the efficiency and productivity of the economy. Additionally, some suggest a return to a gold standard, where the value of currency is linked to gold, as a way to control inflation.
Economics can be intimidating to the person who is not well-versed in business and mathematics. This...
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