Discussion Group Form 3 1 Essay

Submitted By liliarochel

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Discussion Questions
Group Number: 11 Name: Lilia Rochel

I. Selected article or media source?
a. Author: Buttonwood
b. Title: Where Money Comes From
c. Publisher: The Economist
d. Date of Publication: June 11, 2014
e. Internet Address or Link: http://www.economist.com/blogs/buttonwood/2014/06/banks-and-monetary-policy II. Instructor Questions
1. What topic(s) in this article are relevant to the economic subjects we are covering in this unit?
Money and Banking, Monetary Policy, the Federal Reserve, FOMC

2. Is this article mostly positive (factual) or mostly normative (opinion)? Why?

The article is mostly factual because the author supports his claims with historical banking facts.

3. What about this article potentially makes it a reliable source of information?

This article is reliable because every claim that is made is supported with knowledge about the banks and monetary policy. Little to no opinion is shown in the article.

4. What about this article potentially makes it an unreliable source of information?

This article is potentially unreliable because half of the article is an excerpt from an outside source, David Cliffe.

III. Discussion Questions
1. How does circulating money differ from “money” created by the central bank? Is one more useful to economic efficiency?

2. Mark Cliffe states “it is possible to have too much of a good thing”. Analyze Cliffe’s quote and explain whether you agree or disagree with his statement.

3.

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