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Chapter 3: The History of American Political Economy. – Chapter 3: The History of American Political Economy. STUDY. PLAY.. By setting short-term interest rates and buying government bonds, mortgage-backed assets, and other securities, the Federal Reserve Bank applies. New Deal, Golden Age, and extreme market capitalism.
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golden rule savings rate – Wikipedia – In economics, the Golden Rule savings rate is the rate of savings which maximizes steady state level or growth of consumption, as for example in the Solow growth model. Although the concept can be found earlier in John von Neumann and Maurice Allais’s works, the term is generally attributed to Edmund Phelps who wrote in 1961 that the golden rule "do unto others as you would have them do unto you" could be applied inter-generationally inside the model to arrive at some form of "optimum", or put s